2019 (9) TMI 962

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....Chairperson, Mr A.I.S. Cheema, Member (Judicial) And Mr Kanthi Narahari, Member (Technical) For The Appellants : Mr. Nikhil Nayyar, Senior Advocate with Ms. Pritha Srikumar Iyer, Advocate For The Respondent : Ms. Prerna Bhargava and Ms. Isha Bhalla, Advocates ORDER The Appellants - 'B. Arun Eashwar & Ors.' (shareholders) of 'M/s. Balu Spinning Mills Private Limited' (Corporate Debtor) ....

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....- 'OPG Power Generation Pvt. Ltd.' (Operational Creditor) and Mr. Ramasamy Shanmugam, Interim Resolution Professional have appeared. It is accepted that before the constitution of 'Committee of Creditors', the parties have reached for the settlement on 11th April, 2019, a copy of which has been enclosed as Annexure 1 with the affidavit filed by the Appellant No. 1. In view of the aforesaid stateme....

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....r will pay the fees of the Interim Resolution Professional within three weeks. In effect, order (s) passed by Ld. Adjudicating Authority appointing 'Interim Resolution Professional', declaring moratorium and all other order (s) passed by Adjudicating Authority pursuant to impugned order and action taken by the 'Resolution Professional' are set aside. The application preferred by the Respondent ....