Sushant Sudhakar Yeola, the IRP/Applicant of the Corporate Debtor, filed IA-1683/2022 under Section 12-A of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The IRP's counsel informed the court that the parties had reached a settlement of Rs. 9,40,000/-. The counsel for the Operational Creditor confirmed receiving the settlement amount and that the fee indicated in the CIRP Admission Order of Rupees Two Lakhs had been paid to the IRP. The court considered the submissions and averments and was satisfied that the matter could be withdrawn.

Sushant Sudhakar Yeola, the IRP/Applicant of the Corporate Debtor, filed IA-1683/2022 under Section 12-A of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The IRP's counsel informed the court that the parties had reached a settlement of Rs. 9,40,000/-. The counsel for the Operational Creditor confirmed receiving the settlement amount and that the fee indicated in the CIRP Admission Order of Rupees Two Lakhs had been paid to the IRP. The court considered the submissions and averments and was satisfied that the matter could be withdrawn.