9911796707
TMI Blog2019 (12) TMI 1517X X X X Extracts X X X X X X X X Extracts X X X X ..... rcise power conferred to us under Rule 11 of NCLAT Rule, 2016 and set aside the impugned order dated 4th July, 2019 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench and dispose of the application under Section 9 filed by M/s Famous Innovations Digital Creative Pvt. Ltd. (1st Respondent) as withdrawn. The Corporate Debtor - M/s Famous Innovations Digital Creative Pvt. Ltd. is released from the rigour of Corporate Insolvency Resolution Process. The Appellant is directed to pay the rest of the amount to the Interim Resolution Professional within three weeks - Appeal allowed. - Company Appeal (AT) (Insolvency) No. 769 of 2019 - - - Dated:- 20-12-2019 - JUSTICE S. J. MUKHOPADHAYA, CHAIRPERSON AND ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f Creditors has not been constituted. Subsequently, it is informed and accepted by Mr. Pranav Sarthi, the learned counsel for M/s Famous Innovations Digital Creative Pvt. Ltd. (1st Respondent) that they have agreed for settlement and they have reached settlement to receive amount as shown due in Form 5. Learned counsel for the Appellant has handed over four Demand Drafts for total amount of ₹ 17,47,436/- to learned counsel for the 1st Respondent. This apart Interest amount + TDS is being paid by cheques and cheques are handed over to learned counsel for the 1st Respondent, who accepts the same. 3. The learned counsel for the 1st Respondent is accordingly directed to handover the Demand Drafts and Cheques to the 1st Respondent - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of lawyers. 6. In the circumstances, we assess the fee of Mr. Atul Tandon, Interim Resolution Professional at ₹ 75,000/- per month, which will be calculated for period of five and a half months. He is also allowed a sum of ₹ 15,000 towards cost of publication and another sum of ₹ 70,000 towards cost incurred as legal fee i.e. ₹ 85,000 towards actual cost plus fee. 7. The learned counsel for the Appellant submits that he has already paid a sum of ₹ 1,68,500/- to Mr. Atul Tandon. The Appellant is directed to pay the rest of the amount towards fee after adjusting the amount of ₹ 1,68,500 in terms of our decision, within three weeks. 8. Mr. Lzafeer Ahmad, the learned Advocate, wanted to intervene on ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
