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2021 (1) TMI 112 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational Creditor - existence of debt and dispute or not - HELD THAT:- Since the Parties themselves have settled the issue by way of Settlement dated 21.12.2020, we are inclined to dispose of the instant Company Petition by directing the Parties to strictly adhere the terms and conditions of the settlement. The Parties are hereby directed to strictly adhere to the terms and conditions of Settlement dated 21.12.2020, failing which, the Petitioner is at liberty to approach the Adjudicating Authority by way filing fresh Company Petition as per law - Petition disposed off.
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