Inox Air Products Pvt. Ltd., the Operational Creditor, filed a petition against Upper India Steel Manufacturing & Engineering Co. Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC) 2016. During the proceedings, the petitioner's counsel stated that the entire claimed amount had been received and that they did not wish to proceed further with the petition. The respondent's counsel admitted to this fact. Consequently, the petitioner withdrew the petition.

Inox Air Products Pvt. Ltd., the Operational Creditor, filed a petition against Upper India Steel Manufacturing & Engineering Co. Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC) 2016. During the proceedings, the petitioner's counsel stated that the entire claimed amount had been received and that they did not wish to proceed further with the petition. The respondent's counsel admitted to this fact. Consequently, the petitioner withdrew the petition.