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2020 (2) TMI 542 - Tri - Insolvency and BankruptcyWithdrawal of the Company Petition - recall of CIRP ordered - HELD THAT:- During the hearing it is submitted by the Operational Creditor and by the Corporate Debtor that all the disputes between the parties have been amicably settled, the prayer sought in the MA may be considered favourably and the relief be granted on an urgent basis. Considering the facts and circumstances, the submission made and the available record, we are of the considered opinion that the prayer sought by the IRP in the current MA be allowed. The CIRP initiated is recalled and IRP is discharged from his role as IRP - the IRP is further directed to hand over the records/books to the management of the Corporate Debtor. Application disposed off.
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