Tube Investment of India Ltd., the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Globe International Carries Ltd., the Corporate Debtor, initiating corporate insolvency resolution process. This application was numbered CP No. (IB)- 137/9/JPR/2019. During the pendency of the insolvency petition, the Operational Creditor and the Corporate Debtor engaged in discussions and subsequently entered into a settlement agreement on March 4, 2022. This agreement aimed for a full and final settlement of all disputes between the parties. In accordance with the settlement agreement, the Corporate Debtor paid a lump sum of Rs. 17,95,581/- to the Operational Creditor. Following this payment and settlement, an

Tube Investment of India Ltd., the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Globe International Carries Ltd., the Corporate Debtor, initiating corporate insolvency resolution process. This application was numbered CP No. (IB)- 137/9/JPR/2019. During the pendency of the insolvency petition, the Operational Creditor and the Corporate Debtor engaged in discussions and subsequently entered into a settlement agreement on March 4, 2022. This agreement aimed for a full and final settlement of all disputes between the parties. In accordance with the settlement agreement, the Corporate Debtor paid a lump sum of Rs. 17,95,581/- to the Operational Creditor. Following this payment and settlement, an