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    <description>A Section 7 insolvency application was dismissed for want of reasonably proved debt and default, with the record describing insufficient proof and an amicable settlement between the parties. After the matter was reserved for judgment, the parties entered into a settlement agreement dated 15.01.2025. In view of the mutual settlement, no opinion was expressed on the parties&#039; rights and contentions, and nothing survived for adjudication in the appeals. All three appeals were disposed of without costs.</description>
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