9911796707
TMI Blog2017 (7) TMI 1452X X X X Extracts X X X X X X X X Extracts X X X X ..... nd moratorium declared - Negotiation with the settlement of dispute - HELD THAT:- The appellant submits that the appellant is negotiating with the respondent to settle the dispute. However, that cannot be a ground to interfere with the impugned order in absence of any illegality. Learned counsel appearing on behalf of the Operational Creditor next contended that the parties have, in fact, settled ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alia, Ms. Samridhi Gogia, Advocates For the Respondent : Shri Akshay Sapra and Shri Jaideep Singh, Advocates ORDER The appellant has challenged the order dated 27th June, 2017 passed by Adjudicating Authority (National Company Law Tribunal), New Delhi in C.P. No.(IB)-60(PB)/20 17, whereby the application preferred by respondent - Operational Creditor under Section 9 of the Insolvency ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 9 before its admission but once it was admitted, it cannot be withdrawn even by the Operational Creditor, as other creditors are entitled to raise claim pursuant to public announcement under Section 15 read with Section 18 of the I B Code, 2016. For the reason afore and in absence of any merit, the appeal cannot be allowed. The prayer as made is accordingly rejected. However, we make it ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
