NCLT Kolkata allows withdrawal of insolvency petition against Raj Rajeshwar Lalita Tripurasundari Private Limited after parties reach settlement.
Corporate debtor agrees to pay ₹32.85 crore by September 2028 as full settlement without admitting liability.
Operational creditor granted liberty to revive petition if corporate debtor defaults on settlement terms.
Order clarifies withdrawal doesn't affect rights in two other connected petitions being heard analogously.