The key facts are as follows: An Interlocutory Application (IA 1119/2025) was filed by the IRP under Section 12A of the Insolvency and Bankruptcy Code (IBC) for the withdrawal of the CIRP order passed against the Corporate Debtor, Ishwar Constructions Pvt. Ltd. The matter was settled between the parties, with the Corporate Debtor agreeing to pay Rs. 56 Crores plus unpaid TDS and Legal Charges as full and final settlement of the dues to LIC Housing Finance Ltd. The CIRP was initially ordered on 2024-10-08. The IRP sought to withdraw the CIRP based on this settlement. The relevance of these facts lies in demonstrating that a resolution was achieved outside of the formal CIRP process, leading to the IRP's application for withdrawal.

The key facts are as follows: An Interlocutory Application (IA 1119/2025) was filed by the IRP under Section 12A of the Insolvency and Bankruptcy Code (IBC) for the withdrawal of the CIRP order passed against the Corporate Debtor, Ishwar Constructions Pvt. Ltd. The matter was settled between the parties, with the Corporate Debtor agreeing to pay Rs. 56 Crores plus unpaid TDS and Legal Charges as full and final settlement of the dues to LIC Housing Finance Ltd. The CIRP was initially ordered on 2024-10-08. The IRP sought to withdraw the CIRP based on this settlement. The relevance of these facts lies in demonstrating that a resolution was achieved outside of the formal CIRP process, leading to the IRP's application for withdrawal.