Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2019 (8) TMI 876

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Debtor - section 9 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The parties have settled the matter prior to the constitution of the Committee of Creditors and in view of the decision of the Hon ble Supreme Court in SWISS RIBBONS PVT. LTD. AND ANR. VERSUS UNION OF INDIA AND ORS. [ 2019 (1) TMI 1508 - SUPREME COURT ] and in exercise of inherent powers under Rule 11 of the National Co .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the I B Code ) against Choudhery Cheese Bazar Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal), New Delhi Bench by impugned order dated 23rd April, 2019 having admitted the application u/s 9 of the I B Code , the present appeal has been preferred by Mr. Ashish Choudhery a shareholder of M/s. Choudhery Cheese Bazar Pvt. Ltd. 2. On 21st May, 2019, the learned .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ndent has already received the amounts by Demand Draft. 4. Mr. Ravi Bansal, Interim Resolution Professional appears in person and submits that he has incurred a cost of ₹ 1,13,000/- towards expenses and also entitled to receive the fee for a period of one and a half month (45 days). He also informed that the Committee of Creditors have not yet been constituted. 5. Taking into consideration t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... i.e. total ₹ 2,63,000/-. As he has already received ₹ 2,00,000/-, rest of ₹ 63,000/- amount will be paid by the Corporate Debtor within 15 days, failing which it will be open to the Resolution Professional to move before this Appellate Tribunal for initiation of contempt proceedings against the Appellant In effect, order (s) passed by Ld. Adjudicating Authority appointing Interim .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates