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TMI Blog2019 (9) TMI 24X X X X Extracts X X X X X X X X Extracts X X X X ..... arties have reached settlement; the Committee of Creditors have not been constituted and till date no claim has been received except the Operational Creditor (Respondent before us), who also has not filed a claim, in view of the settlement; we set aside the impugned order dated 10th April, 2019 and allow the respondent Operational Creditor to withdraw the application under Section 9 of the I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... olvency and Bankruptcy Code, 2016 (for short, the I B Code ) against Raman Casting (P) Ltd. (Corporate Debtor) for initiation of corporate insolvency resolution process which was subsequently, rejected by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench on 17th September, 2018. Alloysmin Industires (Operational Creditor) had preferred the appeal wherein this App ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 19 and the amount in Terms of the Settlement has already been paid. It was also submitted that the Committee of Creditors have not been constituted. 2. Mr. Sagar Aggarwal, learned counsel appearing on behalf of the Operational Creditor accepted that the matter has been settled in terms of the Settlement Agreement . Mr. Brijesh Kumar, Interim Resolution Professional has appea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Adjudicating Authority will close the proceedings. 4. So far as the fee and resolution cost of the Interim Resolution Professional is concerned, the Corporate Debtor will pay a sum or ₹ 1,20,000/- in his favour within three weeks. 5. In effect, order (s) passed by Ld. Adjudicating Authority appointing Interim Resolution Professional , declaring moratorium a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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