Tribunal dismisses petition as infructuous, grants liberty to revive if Corporate Debtor settles

The Tribunal dismissed the petition as infructuous but granted the Operational Creditor liberty to revive it if the Corporate Debtor settles with other creditors or if the previous order is overturned on appeal.

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The Tribunal granted liberty to the Operational Creditor to revive the petition if the Corporate Debtor compromises with other creditors or the order dated 26.02.2020 is set aside in appeal. The petition was dismissed as infructuous.

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