Sachi Steel Solutions Pvt Ltd initiated a Corporate Insolvency Resolution Process (CIRP) against GRG Infrastructure Pvt Ltd under Section 9 of the IBC. The Interim Resolution Professional (IRP) filed an application (IA/22(AHM)2022) under Section 12A of the IBC to withdraw the CIRP. The Corporate Debtor deposited Rs. 10,000 in the Prime Minister's National Relief Fund as per the order dated 10.01.2022. The parties settled the dispute, leading to the application for withdrawal of the CIRP. The relevance of the deposit in the Prime Minister's National Relief Fund is that it was a condition for the settlement between the parties, which led to the withdrawal application.

Sachi Steel Solutions Pvt Ltd initiated a Corporate Insolvency Resolution Process (CIRP) against GRG Infrastructure Pvt Ltd under Section 9 of the IBC. The Interim Resolution Professional (IRP) filed an application (IA/22(AHM)2022) under Section 12A of the IBC to withdraw the CIRP. The Corporate Debtor deposited Rs. 10,000 in the Prime Minister's National Relief Fund as per the order dated 10.01.2022. The parties settled the dispute, leading to the application for withdrawal of the CIRP. The relevance of the deposit in the Prime Minister's National Relief Fund is that it was a condition for the settlement between the parties, which led to the withdrawal application.