M/s New Era Petrochem Pvt. Ltd. filed an application against M/s Shree Ranisati Irrigation Pvt. Ltd. under Section 9 of the IBC, 2016. Mr. Rajnish Lohia, Director of the Corporate Debtor, submitted that the entire amount had been paid and settled between the parties. Subsequently, an affidavit of withdrawal of application was filed by Mr. Vibhu Purohit, Authorized Signatory of the Operational Creditor, stating that the Corporate Debtor had amicably settled the entire dues. Diary No. of the affidavit is 1290/2022 dated 2022-04-28. The NCLT Jaipur Bench considered these submissions and the affidavit.

M/s New Era Petrochem Pvt. Ltd. filed an application against M/s Shree Ranisati Irrigation Pvt. Ltd. under Section 9 of the IBC, 2016. Mr. Rajnish Lohia, Director of the Corporate Debtor, submitted that the entire amount had been paid and settled between the parties. Subsequently, an affidavit of withdrawal of application was filed by Mr. Vibhu Purohit, Authorized Signatory of the Operational Creditor, stating that the Corporate Debtor had amicably settled the entire dues. Diary No. of the affidavit is 1290/2022 dated 2022-04-28. The NCLT Jaipur Bench considered these submissions and the affidavit.