Airen Metals Pvt. Ltd. initiated a corporate insolvency resolution process against Fatehpuria Transformers and Switchgears Pvt. Ltd. under Section 9 of the IBC, 2016. The Corporate Debtor, Fatehpuria Transformers and Switchgears Pvt. Ltd., filed an application stating that both parties have amicably settled their dispute by executing a settlement deed dated 2024-07-11. The applicant requested the court to dispose of the matter. The Petitioner, Airen Metals Pvt. Ltd., through its representative, Mr. Ajay Atolia, CA, submitted that the petition may be allowed to be withdrawn based on the understanding reached between the parties. The settlement agreement was attached to the application.

Airen Metals Pvt. Ltd. initiated a corporate insolvency resolution process against Fatehpuria Transformers and Switchgears Pvt. Ltd. under Section 9 of the IBC, 2016. The Corporate Debtor, Fatehpuria Transformers and Switchgears Pvt. Ltd., filed an application stating that both parties have amicably settled their dispute by executing a settlement deed dated 2024-07-11. The applicant requested the court to dispose of the matter. The Petitioner, Airen Metals Pvt. Ltd., through its representative, Mr. Ajay Atolia, CA, submitted that the petition may be allowed to be withdrawn based on the understanding reached between the parties. The settlement agreement was attached to the application.