2019 (10) TMI 56

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....d Mr Kanthi Narahari, Member (Technical) For The Appellant : Mr. S. Santanam Swaminadhan, Ms. Nishtha Kurana and Mr. Kartik Malhotra, Advocates For The Respondents : Mr. Kumar Sumit and Mr. Rajendra Beniwal, Advocates ORDER This appeal has been preferred by Mr. Dinesh Kishinchandagajria, Director of 'Print Plus Private Limited' against the order dated 31st May, 2019 passed by the Adjud....

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....in the meantime, parties have settled the matter. Mr. Deepak Agarwal, learned counsel appearing on behalf of 1st Respondent accepts that the parties have settled the matter and 50% of the payment has been received. It was also informed that the 'Committee of Creditors' has also not yet been constituted as on 19th June, 2019. In view of such submission, we issue notice to the 'Resolution Profess....

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....o the constitution of the 'Committee of Creditors' and in exercising of inherent powers under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016, we allow the settlement and set aside the impugned order dated 31st May, 2019 and allow the 1st Respondent to withdraw the application u/s 9 of the I&B Code. The proceedings before the Adjudicating Authority (National Company Law Tribunal....