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Judgment
3 paragraphs · 99 words
Mr. Vishnu Jaysaval, Ld. Counsel appearing for the Financial Creditor (Union Bank of India) has submitted that the parties have entered into settlement and therefore sought time for filing an application seeking withdrawal of the matter.
Mr. Rishi K. Awasthi, Ld. Counsel appearing for the Corporate Debtor produced a copy of the Letter dated 26.04.2023 issued by Union Bank of India wherein the OTS settlement proposal has been accepted and the said letter is taken on record.
In view of the OTS proposal, the Applicant is permitted to withdraw the present petition. The Petition is accordingly dismissed as withdrawn.