Fritta India Pvt Ltd filed an application under Section 9 of the IBC against Lexus Granito (India) Ltd, which was admitted into CIRP on 31.10.2023. An IRP was appointed. Subsequently, a settlement was reached between Fritta India Pvt Ltd and Lexus Granito (India) Ltd. The Form FA, indicating the settlement and payment of IRP fees, was received before the formation of the CoC. The IRP, Mr. Tanmay Banthia, confirmed that all fees and expenses had been paid. The key fact is the settlement arrived at before the CoC formation, which influenced the Tribunal's decision to allow the withdrawal of the CIRP application and discharge the IRP.

Fritta India Pvt Ltd filed an application under Section 9 of the IBC against Lexus Granito (India) Ltd, which was admitted into CIRP on 31.10.2023. An IRP was appointed. Subsequently, a settlement was reached between Fritta India Pvt Ltd and Lexus Granito (India) Ltd. The Form FA, indicating the settlement and payment of IRP fees, was received before the formation of the CoC. The IRP, Mr. Tanmay Banthia, confirmed that all fees and expenses had been paid. The key fact is the settlement arrived at before the CoC formation, which influenced the Tribunal's decision to allow the withdrawal of the CIRP application and discharge the IRP.