💨 Abstract

Lasa Supergenerics Ltd., an animal and human healthcare firm, announces the withdrawal of an Insolvency Application filed by its Financial Creditor (Bank of Baroda). This follows a settlement between the parties, achieved after extensive negotiations. The company has worked diligently to resolve the dispute, and the IBC application has been officially withdrawn, marking steps towards financial stability.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖