2019 (10) TMI 51

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....solvency & Bankruptcy<br>Mr S. J. Mukhopadhaya, Chairperson And Mr A.I.S. Cheema, Member (Judicial) For The Appellants : Mr. P.V. Yogeswaran, Mr. Babul Kumar, Mr. A.K. Udhayay and Mr. Y. Lokesh, Advocates. For The Respondents : Mr. Swaroop George, Advocate ORDER This appeal has been preferred by the Appellant- 'P.R. Earnarst, Director of 'M/s. Green Peace Construction Pvt. Ltd.'- ('Cor....

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.... the cost incurred will be paid to them. In this way, 'M/s. Ajanta Flat Owners' Association' incurred a cost of Rs. 40 Lakhs and other amount for purchase of two generators. 4. Initially, plea was taken by the Appellant that for the action as alleged, 'M/s. Ajanta Flat Owners' Association' cannot claim to be 'Operational Creditors' having not supplied any goods nor given any services. In fact, ....

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....ing concern. 6. Today, a 'Terms of Settlement' dated 25th February, 2019 has been filed by the parties and it is stated that the expenditure incurred by the Respondent- 'M/s. Ajanta Flat Owners' Association' for correctional measures and installation of generator has already been paid. It is also accepted by Mr. Swaroop George, learned counsel appearing on behalf of 'M/s. Ajanta Flat Owners' As....

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....ss the application under Section 9 filed by the Respondent- 'M/s. Ajanta Flat Owners' Association'. 10. In effect, order (s), passed by the Adjudicating Authority appointing any 'Interim Resolution Professional', declaring moratorium, freezing of account, and all other order (s) passed by the Adjudicating Authority pursuant to impugned order and action, if any, taken by the 'Interim Resolution ....