M/s Intec Capital Ltd initiated insolvency proceedings against M/s Delco Infrastructure Projects Ltd. under Section 7 of the IBC, 2016. Mr. Harish Taneja was appointed as the Interim Resolution Professional (IRP). The IRP appeared before the NCLT and reported that the matter had been settled between the parties. Form-FA, documenting the settlement, was filed and signed by all concerned parties. All IRP fees and costs were paid, and no claims were outstanding. The Committee of Creditors (CoC) was not constituted. Based on the settlement, the IRP requested the court to allow the application. The settlement led to the corporate debtor being released from the CIRP.

M/s Intec Capital Ltd initiated insolvency proceedings against M/s Delco Infrastructure Projects Ltd. under Section 7 of the IBC, 2016. Mr. Harish Taneja was appointed as the Interim Resolution Professional (IRP). The IRP appeared before the NCLT and reported that the matter had been settled between the parties. Form-FA, documenting the settlement, was filed and signed by all concerned parties. All IRP fees and costs were paid, and no claims were outstanding. The Committee of Creditors (CoC) was not constituted. Based on the settlement, the IRP requested the court to allow the application. The settlement led to the corporate debtor being released from the CIRP.