The Financial Creditor, Fullerton India Credit Company Ltd., filed a Company Petition (CP (IB) No. 871 of 2020) against the Corporate Debtor, Indus Projects Ltd. On 12.08.2022, the Financial Creditor sought time to file an Interlocutory Application for withdrawing the main Company Petition. However, the Interlocutory Application was not filed until the date of the hearing. On the hearing date, neither the Financial Creditor's counsel was present, nor was the Interlocutory Application listed on the board. There was no representation from the Operational Creditor. The court inferred an amicable settlement between the parties.

The Financial Creditor, Fullerton India Credit Company Ltd., filed a Company Petition (CP (IB) No. 871 of 2020) against the Corporate Debtor, Indus Projects Ltd. On 12.08.2022, the Financial Creditor sought time to file an Interlocutory Application for withdrawing the main Company Petition. However, the Interlocutory Application was not filed until the date of the hearing. On the hearing date, neither the Financial Creditor's counsel was present, nor was the Interlocutory Application listed on the board. There was no representation from the Operational Creditor. The court inferred an amicable settlement between the parties.