9911796707
TMI Blog2019 (11) TMI 617X X X X Extracts X X X X X X X X Extracts X X X X ..... ties have reached settlement on 13th May, 2019, prior to the constitution of Committee of Creditors , in exercise of powers conferred under Rule 11 of the NCLAT Rules, 2016, we allow the prayer and set aside the impugned order dated 21st February, 2019. Application under Section 7 filed by the Respondents is disposed of as withdrawn. The parties will be bound by the terms of settlement. The ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mitted on 21st February, 2019, the present Appeal has been preferred. 2. On 25th March, 2019, learned Counsel for the Appellants submitted that the Appellants are willing to settle the matter and in view of statement that the Committee of Creditors have not been constituted, this Appellate Tribunal passed interim orders directing the Resolution Professional not to constitute th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3th May, 2019, prior to the constitution of Committee of Creditors , in exercise of powers conferred under Rule 11 of the NCLAT Rules, 2016, we allow the prayer and set aside the impugned order dated 21st February, 2019. Application under Section 7 filed by the Respondents is disposed of as withdrawn. The parties will be bound by the terms of settlement. 5. In the result, order (s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the Financial Creditors . 7. So far as the fee and cost of the Interim Resolution Professional / Resolution Professional is concerned, the Corporate Debtor will pay the fee and cost within three weeks thereof, failing which it will be open to the Interim Resolution Professional / Resolution Professional to bring the aforesaid fact to the Notice of this Appellate Tribuna ..... X X X X Extracts X X X X X X X X Extracts X X X X
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