A.R International filed an application against M/s PRL Projects & Infrastructure Ltd under Section 9 of the IBC. The IRP stated that the matter has been settled between both parties, and the entire payment has been made. The counsel for the Operational Creditor Suspended Board of Directors endorsed the same view. The Applicant's counsel stated that they do not want to proceed with the application and wish to dispose of it in view of the settlement. The IRP also stated that the fees have been paid. The key fact is the settlement between the parties, leading to the withdrawal of the CIRP.

A.R International filed an application against M/s PRL Projects & Infrastructure Ltd under Section 9 of the IBC. The IRP stated that the matter has been settled between both parties, and the entire payment has been made. The counsel for the Operational Creditor Suspended Board of Directors endorsed the same view. The Applicant's counsel stated that they do not want to proceed with the application and wish to dispose of it in view of the settlement. The IRP also stated that the fees have been paid. The key fact is the settlement between the parties, leading to the withdrawal of the CIRP.