Anand Rathi Global Finance Ltd., the Financial Creditor, filed a petition against Electro Max Marketing Pvt. Ltd., the Corporate Debtor, under Section 7 of the IBC, 2016. The case was presented before the Jaipur Bench of the NCLT. During the proceedings, the Financial Creditor, represented by Mr. Avinash Kumbaj, submitted that the matter had been amicably settled, and the agreed amount was received from the Corporate Debtor. Consequently, the Financial Creditor sought permission to withdraw the petition. The NCLT granted permission, and the petition was dismissed as withdrawn. The key fact is the amicable settlement and the subsequent withdrawal of the petition by the Financial Creditor after receiving the agreed amount.

Anand Rathi Global Finance Ltd., the Financial Creditor, filed a petition against Electro Max Marketing Pvt. Ltd., the Corporate Debtor, under Section 7 of the IBC, 2016. The case was presented before the Jaipur Bench of the NCLT. During the proceedings, the Financial Creditor, represented by Mr. Avinash Kumbaj, submitted that the matter had been amicably settled, and the agreed amount was received from the Corporate Debtor. Consequently, the Financial Creditor sought permission to withdraw the petition. The NCLT granted permission, and the petition was dismissed as withdrawn. The key fact is the amicable settlement and the subsequent withdrawal of the petition by the Financial Creditor after receiving the agreed amount.