XYLEM Water Solutions India Pvt. Ltd, the original Operational Creditor, filed an affidavit stating no objections for withdrawal of the matter.

Jammu & Kashmir Bank, Respondent No. 2, filed an affidavit stating no objections for withdrawal due to a settlement between the parties.

J & K Bank holds 95.77% majority shares.

Axis Bank Limited and Kotak Mahindra Prime Limited, other Financial Creditors with minority shares, did not appear despite service of notice.

The tribunal allowed the withdrawal of the main petition IB-223(ND)/2024.

Mr. Vivek Sharma, Interim Resolution Professional, was relieved of his responsibility.

The Corporate Debtor was restored to its original position.

IA-1843/2025 was dismissed as withdrawn.

IA-959/2025 was disposed of.

XYLEM Water Solutions India Pvt. Ltd, the original Operational Creditor, filed an affidavit stating no objections for withdrawal of the matter.

Jammu & Kashmir Bank, Respondent No. 2, filed an affidavit stating no objections for withdrawal due to a settlement between the parties.

J & K Bank holds 95.77% majority shares.

Axis Bank Limited and Kotak Mahindra Prime Limited, other Financial Creditors with minority shares, did not appear despite service of notice.

The tribunal allowed the withdrawal of the main petition IB-223(ND)/2024.

Mr. Vivek Sharma, Interim Resolution Professional, was relieved of his responsibility.

The Corporate Debtor was restored to its original position.

IA-1843/2025 was dismissed as withdrawn.

IA-959/2025 was disposed of.