Seher Gill and Another filed a petition against Vatika Limited. A settlement deed was placed on record during the last hearing, with the final installment due by June 26, 2022. The respondent/corporate debtor's counsel stated that the entire payment, as per the settlement deed, had been made to the petitioners. There was no representation on behalf of the petitioners during the hearing. This lack of representation suggested that the petitioners were not interested in pursuing the petition. The key fact is the existence of a settlement deed and the respondent's claim of full payment, coupled with the petitioners' absence, which led the court to believe the matter was settled.

Seher Gill and Another filed a petition against Vatika Limited. A settlement deed was placed on record during the last hearing, with the final installment due by June 26, 2022. The respondent/corporate debtor's counsel stated that the entire payment, as per the settlement deed, had been made to the petitioners. There was no representation on behalf of the petitioners during the hearing. This lack of representation suggested that the petitioners were not interested in pursuing the petition. The key fact is the existence of a settlement deed and the respondent's claim of full payment, coupled with the petitioners' absence, which led the court to believe the matter was settled.