QVC International Pvt. Ltd. initiated a case against Balasore Alloys Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). The case was heard by the NCLT Cuttack Bench on April 25, 2023. During the hearing, the petitioner's counsel, Mr. S.K. Mishra, representing Mr. Ranit Basu, informed the court that the matter had been amicably settled out of court. The petitioner had already e-filed a withdrawal memo and undertook to file a hard copy in the Registry. The respondent was represented by Mr. Sandeep S. Ladda. Based on these submissions, the court dismissed the application as withdrawn. The key fact is the amicable settlement leading to the withdrawal of the application.

QVC International Pvt. Ltd. initiated a case against Balasore Alloys Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). The case was heard by the NCLT Cuttack Bench on April 25, 2023. During the hearing, the petitioner's counsel, Mr. S.K. Mishra, representing Mr. Ranit Basu, informed the court that the matter had been amicably settled out of court. The petitioner had already e-filed a withdrawal memo and undertook to file a hard copy in the Registry. The respondent was represented by Mr. Sandeep S. Ladda. Based on these submissions, the court dismissed the application as withdrawn. The key fact is the amicable settlement leading to the withdrawal of the application.