Satish Sahebro Deotale, the applicant, initiated CIRP against M/s Amerex Private Limited. A compromise was reached between the parties. Mr. Arun Kumar and Bhagirath Yadav, partners of M/s. Aster Appliances, provided authorization letters in favor of Mr. Satish Sahebro Deotale, who is also a partner of M/s. Aster Appliances (operational creditor). The IRP confirmed the compromise, and both counsels for the corporate debtor and operational creditor endorsed the application. All CIRP costs and IRP professional fees were paid. The application was filed under Section 12A of the IBC, seeking to withdraw the CIRP based on the compromise.

Satish Sahebro Deotale, the applicant, initiated CIRP against M/s Amerex Private Limited. A compromise was reached between the parties. Mr. Arun Kumar and Bhagirath Yadav, partners of M/s. Aster Appliances, provided authorization letters in favor of Mr. Satish Sahebro Deotale, who is also a partner of M/s. Aster Appliances (operational creditor). The IRP confirmed the compromise, and both counsels for the corporate debtor and operational creditor endorsed the application. All CIRP costs and IRP professional fees were paid. The application was filed under Section 12A of the IBC, seeking to withdraw the CIRP based on the compromise.