LIC Housing Finance Ltd. filed a petition against D B Realty Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the hearing on March 7, 2022, the counsel for the financial creditor, Mr. Raj Dani, confirmed that the payment had been received. Mr. Akash Agarwal, the counsel for the corporate debtor, also confirmed the receipt of payment. As a result, the petition was dismissed as withdrawn. The key fact is the confirmation of payment receipt by both parties' counsels, leading to the petition's dismissal.

LIC Housing Finance Ltd. filed a petition against D B Realty Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the hearing on March 7, 2022, the counsel for the financial creditor, Mr. Raj Dani, confirmed that the payment had been received. Mr. Akash Agarwal, the counsel for the corporate debtor, also confirmed the receipt of payment. As a result, the petition was dismissed as withdrawn. The key fact is the confirmation of payment receipt by both parties' counsels, leading to the petition's dismissal.