The applicant filed IA 468 of 2022 seeking withdrawal of the Company Petition. Both parties submitted consent terms, agreeing that the Corporate Debtor would pay Rs. 9,17,382/- to the Operational Creditor, along with 21% interest per annum. The payment was to be made in three installments, with the final installment due on 2022-03-21. The court considered the submissions of the counsel for the Operational Creditor and the averments in the application. The Corporate Debtor's agreement to pay the outstanding amount is a key fact influencing the court's decision to allow the withdrawal.

The applicant filed IA 468 of 2022 seeking withdrawal of the Company Petition. Both parties submitted consent terms, agreeing that the Corporate Debtor would pay Rs. 9,17,382/- to the Operational Creditor, along with 21% interest per annum. The payment was to be made in three installments, with the final installment due on 2022-03-21. The court considered the submissions of the counsel for the Operational Creditor and the averments in the application. The Corporate Debtor's agreement to pay the outstanding amount is a key fact influencing the court's decision to allow the withdrawal.