This application was filed by the ex-management of the Corporate Debtor, seeking to present a settlement proposal under Section 12A of the IBC, 2016, read with Regulation 30A of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, to the Committee of Creditors (CoC) for voting. The ultimate goal was to withdraw and suspend the Corporate Insolvency Resolution Process (CIRP) that had been admitted under Section 9 of the IBC, 2016. An earlier order dated January 23, 2024, by the Adjudicating Authority, directed the Resolution Professional (RP) to convene a CoC meeting to examine a proposal from the SRA. However, this order was set aside by the NCLAT on February 28, 2024, in Company Appeal (AT) (Insolvency) No. 287 of 2024. The applicant's counsel

This application was filed by the ex-management of the Corporate Debtor, seeking to present a settlement proposal under Section 12A of the IBC, 2016, read with Regulation 30A of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, to the Committee of Creditors (CoC) for voting. The ultimate goal was to withdraw and suspend the Corporate Insolvency Resolution Process (CIRP) that had been admitted under Section 9 of the IBC, 2016. An earlier order dated January 23, 2024, by the Adjudicating Authority, directed the Resolution Professional (RP) to convene a CoC meeting to examine a proposal from the SRA. However, this order was set aside by the NCLAT on February 28, 2024, in Company Appeal (AT) (Insolvency) No. 287 of 2024. The applicant's counsel