Raghvendra Nath and Another filed a petition against Blue Coast Infrastructure Development Pvt. Ltd. under Section 7 of the IBC, 2016. The petitioners, represented by Mr. Syed Aqib Ali, sought to withdraw the petition based on a settlement agreement dated May 2021. Mr. Abhishek Chhabra appeared as the advocate for the respondent. The learned counsel for the petitioner stated that on instructions and as per the Settlement Agreement dated May, 2021, he seeks leave of this Tribunal to withdraw the present petition. The court considered the statement made by the petitioner's counsel and the settlement agreement as the basis for allowing the withdrawal.

Raghvendra Nath and Another filed a petition against Blue Coast Infrastructure Development Pvt. Ltd. under Section 7 of the IBC, 2016. The petitioners, represented by Mr. Syed Aqib Ali, sought to withdraw the petition based on a settlement agreement dated May 2021. Mr. Abhishek Chhabra appeared as the advocate for the respondent. The learned counsel for the petitioner stated that on instructions and as per the Settlement Agreement dated May, 2021, he seeks leave of this Tribunal to withdraw the present petition. The court considered the statement made by the petitioner's counsel and the settlement agreement as the basis for allowing the withdrawal.