TPI Industries Pvt. Ltd., the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Impex Ferro Tech Ltd., the Corporate Debtor. During the proceedings, the Corporate Debtor's counsel informed the court that the Corporate Debtor was settling the matter with the Operational Creditor. The Corporate Debtor handed over two Demand Drafts, bearing numbers 944125 dated 2022-04-01 for Rs. 2,32,800/- and 944126 dated 2022-04-04 for Rs. 48,926/-, covering the entire sum claimed in the Company petition. Upon receiving these drafts, the Operational Creditor's counsel requested to withdraw the proceedings. The court then dismissed the case as withdrawn.

TPI Industries Pvt. Ltd., the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Impex Ferro Tech Ltd., the Corporate Debtor. During the proceedings, the Corporate Debtor's counsel informed the court that the Corporate Debtor was settling the matter with the Operational Creditor. The Corporate Debtor handed over two Demand Drafts, bearing numbers 944125 dated 2022-04-01 for Rs. 2,32,800/- and 944126 dated 2022-04-04 for Rs. 48,926/-, covering the entire sum claimed in the Company petition. Upon receiving these drafts, the Operational Creditor's counsel requested to withdraw the proceedings. The court then dismissed the case as withdrawn.