Religare Finvest Ltd. filed a petition against Hard Rock Inn Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code. During the proceedings, the counsel for Religare Finvest Ltd. informed the court that a settlement had been reached between the parties. Consequently, Religare Finvest Ltd. sought to withdraw the petition. The court, acknowledging the settlement and the request for withdrawal, disposed of IA-3132/2022 and dismissed the main petition, CP. No. (IB)-360(PB)/2022, as withdrawn. The order also stipulated that in the event of a breach of the settlement, either party retains the right to pursue legal remedies.

Religare Finvest Ltd. filed a petition against Hard Rock Inn Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code. During the proceedings, the counsel for Religare Finvest Ltd. informed the court that a settlement had been reached between the parties. Consequently, Religare Finvest Ltd. sought to withdraw the petition. The court, acknowledging the settlement and the request for withdrawal, disposed of IA-3132/2022 and dismissed the main petition, CP. No. (IB)-360(PB)/2022, as withdrawn. The order also stipulated that in the event of a breach of the settlement, either party retains the right to pursue legal remedies.