2019 (8) TMI 876

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...., Member (Judicial) And Mr Kanthi Narahari, Member (Technical) For The Appellant : Mr. Nikhil Gupta and Mr. Sumit K. Batra, Advocates For The Respondents : Mr. Hitesh Malhotra, Managing Partner And Mr. Ravi Bansal, IRP ORDER The Respondent - 'M/s. Unipik Automation Solutions' filed an application u/s 9 of the 'Insolvency and Bankruptcy Code, 2016 (for short, 'the I&B Code') against 'Ch....

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....on 17th May, 2019. It is also intimated that a sum of Rs. 2,00,000/- was paid by Respondent No. 1 (Operational Creditor) to the 'Interim Resolution Professional' which has also been paid back by Respondent No. 1 by Demand Draft dated 23rd May, 2019. 3. Mr. Hitesh Malhotra, Managing Partner of 'M/s. Unipik Automation Solutions' appears in person and submits that the 1st Respondent has already re....

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....espondent (Operational Creditor) to withdraw the application under Section 9 of the I&B Code. The Adjudicating Authority will close the proceedings. So far as the fee and resolution cost of the 'Interim Resolution Professional' is concerned, the 'Resolution Professional' will be entitled for a fee of Rs. 1,50,000 towards professional fee and a sum of Rs. 1,13,000/- cost incurred by him i.e. total ....