2017 (7) TMI 1148

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....e S.J. Mukhopadhaya Chairperson and Balvinder Singh Member (Technical) For the Appellant: - Shri Abhiman Vashist, Sr. Advocate, Shri Peshwan Jehangir and Shri Snehal Kakrania, Advocates For Respondent: Shri Shiv Kumar Suri and Shri Shikhil Sun, Advocates ORDER This appeal is preferred by the appellant, Corporate Debtor against order dated 15th June, 2017 passed by learned Adjudicating ....

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....appearing on behalf of the respondent - Financial Creditor submitted that the parties have settled the dispute and part amount has already been paid. This is also highlighted by learned counsel for Corporate Debtor. However, such settlement cannot be ground to interfere with the impugned order in absence of any other infirmity. At this stage, we may notice and refer Rule 8 of I&B (Application t....

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....ment having carried out, would not amount to refusal of claim of other creditors. Such submission as made by learned counsel for the appellant cannot be accepted in view of the provisions of the Act. Learned counsel for the appellant requests to exercise inherent power, under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016 which reads as follows: '11. Inherent po....