M/s Osaw Agro Industries Pvt. Ltd., the Operational Creditor/Applicant, initiated proceedings against Greentech Mega Food Park Ltd., the Corporate Debtor/Respondent, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The case, CP No. (IB)-58/9/JPR/2020, was heard by the National Company Law Tribunal (NCLT), Jaipur Bench. During the proceedings, the Learned Counsel for the Petitioner submitted that the matter had been amicably settled between the parties. Consequently, the Petitioner sought to withdraw the petition. The relevance of the amicable settlement is that it provided the basis for the withdrawal of the petition, leading to the dismissal of the case.

M/s Osaw Agro Industries Pvt. Ltd., the Operational Creditor/Applicant, initiated proceedings against Greentech Mega Food Park Ltd., the Corporate Debtor/Respondent, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The case, CP No. (IB)-58/9/JPR/2020, was heard by the National Company Law Tribunal (NCLT), Jaipur Bench. During the proceedings, the Learned Counsel for the Petitioner submitted that the matter had been amicably settled between the parties. Consequently, the Petitioner sought to withdraw the petition. The relevance of the amicable settlement is that it provided the basis for the withdrawal of the petition, leading to the dismissal of the case.