NCLT permits withdrawal of personal insolvency against Chitresh Lather based on Rs 8.57 crore settlement with Intec Capital.
Settlement involves nine tranche payments totaling Rs 8.67 crore including process costs, with completion by December 2027.
Financial creditor holds 100% voting rights, enabling unilateral settlement approval without affecting other creditors.
Tribunal grants liberty to revive proceedings if guarantor defaults on settlement payments.