Trade Perfections filed a petition against H.R. Power Projects Pvt. Ltd. under the IBC. An application, IA No.2010/2024, was filed to withdraw the main petition based on a settlement between the parties. The settlement involved a payment of Rs. 2,75,00,000/- by the petitioner to the respondent, as per the settlement agreement dated 14.09.2024. The CoC had not been constituted, and the petitioner had paid all expenses of the RP. The application was filed under Section 12-A of the IBC. The court considered the facts and circumstances of the application and allowed the withdrawal of the main petition.

Trade Perfections filed a petition against H.R. Power Projects Pvt. Ltd. under the IBC. An application, IA No.2010/2024, was filed to withdraw the main petition based on a settlement between the parties. The settlement involved a payment of Rs. 2,75,00,000/- by the petitioner to the respondent, as per the settlement agreement dated 14.09.2024. The CoC had not been constituted, and the petitioner had paid all expenses of the RP. The application was filed under Section 12-A of the IBC. The court considered the facts and circumstances of the application and allowed the withdrawal of the main petition.