2021 (5) TMI 236

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..... HELD THAT:- There are no reason to doubt that the Adjudicating Authority without standing on technicalities would pass appropriate Orders, if settlement has taken place between the Original Operational Creditor and Corporate Debtor and CoC is not yet constituted. The Appeal is permitted to be withdrawn with liberty to seek restoration of the Appeal in case at any future time the effort to settl .....

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..... 16 (IBC in short) against the Respondent No. 2 M/s. Manpasand Beverages Ltd. the Corporate Debtor. Appellant is the Director of the Suspended Board of the Corporate Debtor. Respondent No. 3 is Interim Resolution Professional. 2. Learned Counsel for the Appellant submits that the Application was admitted by the Impugned Order and Appeal is filed. It is stated that thereafter the Appellant has se .....

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..... s, the Appeal may be allowed to be withdrawn with liberty to seek restoration in case the effort with regard to Section 12 A of IBC runs into difficulty. The Learned Counsel for IRP accepts that Committee of Creditors (CoC in short) has not been constituted. 5. The Learned Counsel for the Appellant submits that he is making request for withdrawal of the Appeal under instructions from the Appell .....

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