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2021 (2) TMI 87 - NATIONAL COMPANY LAW TRIBUNAL , KOCHI BENCHMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - settlement deed for withdrawal of application - HELD THAT:- The Applicant/Operational Creditor filed a withdrawal memo stating that in terms of the settlement agreed between the parties in the Deed of Settlement dated 7th January, 2021, this Tribunal may be pleased to permit the Operational Creditor to withdraw the above application under Rule of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. In view of the settlement arrived between the parties and in view of the Memo filed by the Operational Creditor, nothing survives for further consideration in this matter - Application disposed off as withdrawn.
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