The case involves Assam Bombay Carriers as the Operational Creditor (OC) and Soma Enterprise Limited as the Corporate Debtor (CD). The matter was listed before the NCLT, Mumbai Bench. On 16.08.2023, and again on 31.08.2023, no one appeared for the OC. The counsel for the CD informed the court that the parties had reached a settlement, and the entire amount of Rs.40 Lakhs had been transferred to the account of the Financial Creditor (FC). The key fact is the settlement between the parties and the transfer of the entire amount due, which led to the dismissal of the Company Petition.

The case involves Assam Bombay Carriers as the Operational Creditor (OC) and Soma Enterprise Limited as the Corporate Debtor (CD). The matter was listed before the NCLT, Mumbai Bench. On 16.08.2023, and again on 31.08.2023, no one appeared for the OC. The counsel for the CD informed the court that the parties had reached a settlement, and the entire amount of Rs.40 Lakhs had been transferred to the account of the Financial Creditor (FC). The key fact is the settlement between the parties and the transfer of the entire amount due, which led to the dismissal of the Company Petition.