Air Works India (Engineering) Pvt. Ltd. (the 'Petitioner'), an operational creditor, initiated insolvency proceedings against Bird Execujet Airport Services Pvt. Ltd. (the 'Respondent'), the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Petitioner's counsel stated that the entire claim amount had been paid by the Respondent to the Petitioner. Consequently, the Petitioner sought to withdraw the petition. The court, acknowledging the statement, dismissed the petition as withdrawn. The key fact is the full payment of the claim, leading to the withdrawal of the insolvency petition.

Air Works India (Engineering) Pvt. Ltd. (the 'Petitioner'), an operational creditor, initiated insolvency proceedings against Bird Execujet Airport Services Pvt. Ltd. (the 'Respondent'), the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Petitioner's counsel stated that the entire claim amount had been paid by the Respondent to the Petitioner. Consequently, the Petitioner sought to withdraw the petition. The court, acknowledging the statement, dismissed the petition as withdrawn. The key fact is the full payment of the claim, leading to the withdrawal of the insolvency petition.