2019 (1) TMI 842

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....airperson And Mr Bansi Lal Bhat, Member (Judicial) For The Appellant : Mr. Virender Ganda, Sr. Advocate with Mr. Naman Joshi, Mr. Abhishek Chhabra, Mr. Gaurav Singh and Ms. Avshreya P.S. Rudy, Advocates For The Respondent : Mr. Nikhil Srivastava, Advocate And Mr. Savar Mahajan, Advocate ORDER On 16th November, 2018 when the matter was taken up, the following order was passed : ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ccepts notice on behalf of 2nd Respondent (IRP). No further notice needs to be issued on Respondents. Since the Respondent - Financial Creditor admits that the settlement had been arrived at between the Financial Creditor and the Corporate Debtor prior to passing of impugned order of admission, the appeal be posted 'for orders' on 30th November, 2018. In the meanwhile, the Interim Resolut....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t as on 13th November, 2018 and thereby no occasion for the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench, Chandigarh to admit the application under Section 7. Learned counsel for the 'Resolution Professional' submits that in view of the settlement, parties have also paid the fees and insolvency cost to the 'Resolution Professional'. He further submits that there is no m....