Prime Assetsource Private Limited initiated a case against Aeries Technology Products and Strategies Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing on July 21, 2022, both parties informed the court that they had reached an amicable settlement. The Operational Creditor's counsel stated that an Interlocutory Application (IA) had been filed for the withdrawal of the Company Petition, although it was still pending in the Registry. Both parties confirmed that consent terms had been executed, and the Operational Creditor sought to withdraw the present Company Petition. Consequently, the court dismissed the Company Petition.

Prime Assetsource Private Limited initiated a case against Aeries Technology Products and Strategies Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing on July 21, 2022, both parties informed the court that they had reached an amicable settlement. The Operational Creditor's counsel stated that an Interlocutory Application (IA) had been filed for the withdrawal of the Company Petition, although it was still pending in the Registry. Both parties confirmed that consent terms had been executed, and the Operational Creditor sought to withdraw the present Company Petition. Consequently, the court dismissed the Company Petition.