2020 (1) TMI 473

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..... s a pre-existence of dispute and parties have settled the matter before the constitution of the 'Committee of Creditors', we set aside the impugned order dated 18th October, 2019 - the 'Corporate Debtor' (company) is released from all the rigours of law and is allowed to function independently through its Board of Directors from immediate effect. The 'Interim Resolution Profess .....

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..... Debtor'). The Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata by impugned order dated 18th October, 2019 admitted the application giving rise to this appeal. 2. Earlier when the matter was taken up, learned counsel appearing on behalf of the Appellant submitted that there is a pre-existing dispute and Civil Suit pending with regard to the same claims, th .....

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..... agreed to settle the matter. 7. Mr. Nipun Katyal, Advocate appears on behalf of 2nd Respondent-'Interim Resolution Professional'- Mr. Samya Sengupta, also accepts that the 'Committee of Creditors' has not been constituted. He further submits that the fees and cost of the 'Interim Resolution Professional' has also been settled. 8. In view of the fact that .....

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