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TMI Blog2019 (9) TMI 839X X X X Extracts X X X X X X X X Extracts X X X X ..... he counsel for the Appellant has handed over the draft of ₹ 2,81,250/- dated 8th March, 2019 issued by the IDBI Bank, Chandrapur, Maharashtra. We are of the view that it is a fit case to close the proceedings. Application dismissed. - Company Appeal (AT) (Insolvency) No. 336 of 2019 - - - Dated:- 6-5-2019 - Mr S.J. Mukhopadhaya, Chairperson And Mr A.I.S. Cheema, Member (Judicia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or a meagre amount of ₹ 2,81,250/- the Corporate Debtor has been made to suffer though it was brought to the notice of the Adjudicating Authority that a civil suit was filed much prior to issue of a Demand Notice dated 22nd February, 2018. It is also submitted that in any case the Appellant is ready with Demand Draft of ₹ 2,81,250/- to pay in favour of the Operational Creditor . ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... view of the reasons aforesaid, we hold that there is existence of dispute and the application u/s 9 was not maintainable. However, further the counsel for the Appellant has handed over the draft of ₹ 2,81,250/- dated 8th March, 2019 issued by the IDBI Bank, Chandrapur, Maharashtra. We are of the view that it is a fit case to close the proceedings. 4. For the reasons afores ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Respondent Company is released from all the rigour of law and is allowed to function independently through its Board of Directors from immediate effect. 6. So far as the fee and resolution cost of the Interim Resolution Professional is concerned, the Adjudicating Authority will fix the fee of the IRP , which the Corporate Debtor will pay the amount. If any amount has already ..... X X X X Extracts X X X X X X X X Extracts X X X X
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