Small Industries Development Bank of India, the petitioner, filed CP (IB) No. 257/Chd/Hry/2021 against Navrattan Munjal, the respondent, under Section 95 of the Insolvency and Bankruptcy Code, 2016. Mr. Dharam Paul Garg, Advocate, represented the petitioner-financial creditor. The credentials of Mr. Vivek Bansal, RP, were checked and verified by the Registry. The petitioner's counsel stated that the matter had been settled with an OTS (One Time Settlement) and requested to withdraw the petition. The court, considering the statement, dismissed the petition as withdrawn. The key fact is the settlement with OTS, which led to the withdrawal of the petition.

Small Industries Development Bank of India, the petitioner, filed CP (IB) No. 257/Chd/Hry/2021 against Navrattan Munjal, the respondent, under Section 95 of the Insolvency and Bankruptcy Code, 2016. Mr. Dharam Paul Garg, Advocate, represented the petitioner-financial creditor. The credentials of Mr. Vivek Bansal, RP, were checked and verified by the Registry. The petitioner's counsel stated that the matter had been settled with an OTS (One Time Settlement) and requested to withdraw the petition. The court, considering the statement, dismissed the petition as withdrawn. The key fact is the settlement with OTS, which led to the withdrawal of the petition.