V KR Projects Private Limited initiated proceedings against Soma Enterprise Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the counsels jointly submitted that the matter has been settled. An Interlocutory Application (IA) was filed, and objections raised by the Registry were removed. The IA Diary number is 2709138/06286/2023, dated 20.07.2023. The Operational Creditor (OC) received Rs.1 Cr. as full and final settlement, as evidenced by a copy of the Demand Draft (DD) placed on Pg. 5 of the Memorandum of Understanding (MOU). The court took the settlement on record.

V KR Projects Private Limited initiated proceedings against Soma Enterprise Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the counsels jointly submitted that the matter has been settled. An Interlocutory Application (IA) was filed, and objections raised by the Registry were removed. The IA Diary number is 2709138/06286/2023, dated 20.07.2023. The Operational Creditor (OC) received Rs.1 Cr. as full and final settlement, as evidenced by a copy of the Demand Draft (DD) placed on Pg. 5 of the Memorandum of Understanding (MOU). The court took the settlement on record.