Delhi HC Permits Suit Withdrawal as Operational Creditor Accepted Resolution Plan Amount

Sainik Industries Pvt. Ltd. Vs Indian Sugar Manufacturing Company Limited (Delhi High Court) Delhi High Court Allows Court Fee Refund Because Claim Was Settled Through Approved Insolvency Resolution Plan;  Delhi HC Orders Refund of Entire Court Fee Because Insolvency Resolution Effectively Settled Recovery Claims;  Court Fee Refund Allowed Because Settlement Need Not Arise Only Through Court-Referred Mediation. The case concerned an application filed by the plaintiff seeking withdrawal of a recovery suit and refund of court fees. The plaintiff had originally instituted a suit for recovery of...