Basantar Breweries CIRP Withdrawn After OTS Settlement

NCLT Chandigarh allows withdrawal of CIRP against Basantar Breweries under Section 12A IBC after 100% CoC approval.
Withdrawal follows acceptance of One Time Settlement proposal by sole creditor Jammu & Kashmir Bank.
Resolution Professional AVM LLP discharged; moratorium under Section 14 IBC vacated immediately.
All pending interlocutory applications in the matter rendered infructuous and disposed of.