The Operational Creditor, Transline Technologies Private Limited, filed a Company Petition against the Corporate Debtor, AGS Transact Technologies Limited, under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing, the counsel for the Operational Creditor, Mr. Amit Kumar Singh, sought oral permission to withdraw the petition. The reason for the withdrawal was that the matter had been settled between the parties. The court granted the permission, and the Company Petition was disposed of as withdrawn. This indicates that the underlying dispute leading to the insolvency petition was resolved outside of the formal insolvency process.

The Operational Creditor, Transline Technologies Private Limited, filed a Company Petition against the Corporate Debtor, AGS Transact Technologies Limited, under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing, the counsel for the Operational Creditor, Mr. Amit Kumar Singh, sought oral permission to withdraw the petition. The reason for the withdrawal was that the matter had been settled between the parties. The court granted the permission, and the Company Petition was disposed of as withdrawn. This indicates that the underlying dispute leading to the insolvency petition was resolved outside of the formal insolvency process.