2019 (7) TMI 725

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Cheema, Member (Judicial) And Mr Kanthi Narahari, Member (Technical) For The Appellants : Mr. Mudit Sharma and Ms. Mahima Singh, Advocates For The Respondents : Mr. Abhishek Anand, Advocate for R. P. Mr. Lekhraj Bajaj, R.P. ORDER Mr. Satyendra Jain (Financial Creditor) filed an application u/s 7 of the 'Insolvency and Bankruptcy Code, 2016 (for short, 'the I&B Code') against 'M/s. Omw....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....filed the execution case within the limitation period being Execution Case No. 143/2013. Taking into consideration the fact that prima facie case has been made out by the Respondents that there is a continuous cause of action, learned counsel for the Appellant prayed for time to enable the Appellant to settle the claim with the Respondent (Financial Creditor) and the case was accordingly adjourned....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....as put to vote in the 3rd meeting on 4th June, 2019 and the 'Committee of Creditors' unanimously by 100% voting share decided to file an application u/s 12A r/w Regulation 30A before the Adjudicating Authority for withdrawal of the 'Corporate Insolvency Resolution Process'. A copy of the minutes of the meeting dated 4th June, 2019 has been enclosed. The 'Resolution Professional' has also informed ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ting Authority (National Company Law Tribunal), New Delhi will close the matter as withdrawn. 5. In effect, order(s) passed by the Adjudicating Authority appointing any 'Interim Resolution Professional', order declaring moratorium and all other order(s) passed by Adjudicating Authority pursuant to impugned order and action taken by the 'Interim Resolution Professional', including the advertisem....