2019 (9) TMI 24

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.... I. S. Cheema, Member (Judicial) For The Appellant : Ms. Anjali Jain, Advocate For The Respondent : Mr. Sagar Aggarwal, Advocate, Ms. Tanish Singh, Advocate And Mr. Brijesh Kumar Tamber, IRP ORDER 'Alloysmin Industries' (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (for short, the 'I&B Code') against 'Raman Casting (P) Ltd.' (Co....

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....ty (National Company Law Tribunal), New Delhi, Court-III admitted the case on 10th April, 2019 in absence of any settlement, which is under challenge in this appeal. Learned counsel for the appellant submitted that the 'Terms of Settlement' were reached between the parties on 29th April, 2019 and the amount in 'Terms of the Settlement' has already been paid. It was also submitted that the 'Committ....

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....itor' (Respondent before us), who also has not filed a claim, in view of the settlement; we set aside the impugned order dated 10th April, 2019 and allow the respondent 'Operational Creditor' to withdraw the application under Section 9 of the I&B Code. The Adjudicating Authority will close the proceedings. 4. So far as the fee and resolution cost of the 'Interim Resolution Professional' is conc....