https://www.taxtmi.com/caselaws?id=296397 The Appellant and Operational Creditor settled their dispute, allowing the Appellant to address the withdrawal of the Application under Section 9 of the Insolvency and Bankruptcy Code. The absence of a constituted Committee of Creditors raised concerns, as the Interim Resolution Professional received a claim but the CoC was not formed. The Operational Creditor filed an Application under Rule-11 of the NCLT Rules based on a Supreme Court judgment. The IRP expressed dissatisfaction with unclear CIRP costs and fee payment. The Adjudicating Authority was directed to consider the withdrawal Application and seek a response from the IRP promptly. en-us Fri, 13 Mar 2020 00:00:00 +0530 Mon, 19 Jul 2021 10:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296397 The Appellant and Operational Creditor settled their dispute, allowing the Appellant to address the withdrawal of the Application under Section 9 of the Insolvency and Bankruptcy Code. The absence of a constituted Committee of Creditors raised concerns, as the Interim Resolution Professional received a claim but the CoC was not formed. The Operational Creditor filed an Application under Rule-11 of the NCLT Rules based on a Supreme Court judgment. The IRP expressed dissatisfaction with unclear CIRP costs and fee payment. The Adjudicating Authority was directed to consider the withdrawal Application and seek a response from the IRP promptly. Case-Laws Insolvency and Bankruptcy Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296397