2020 (9) TMI 376

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.... (Judicial), Justice A.B. Singh Member (Judicial), Kanthi Narahari Member (Technical) For the Appellant : Shri Mukesh Rana and Ms. Mamta, Advocates For the Respondents : Ms. Shradha Agrawal, Advocate, Ms. Prachi Johri, Advocate ORDER Respondent No.1 - Operational Creditor filed Application under Section 9 of Insolvency and Bankruptcy Code, 2016 (IBC - in short) before the Adjudicating Authorit....

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....the dues and nothing remains to be received, and wants to withdraw the Original Application. 4. The Learned Counsel for IRP (Interim Resolution Professional) states that COC (Committee of Creditors) is yet not constituted. She states that if the parties are settling the dispute, the CIRP (Corporate Insolvency Resolution Process) costs and fees of IRP may be paid. It is stated that when the procee....

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....ns taken by IRP/RP in consequence of the Impugned Order are quashed and set aside. The Corporate Debtor is released from the rigour of law and is allowed to function independently through its Board of Directors. The IRP/RP will hand back the records and management of the affairs of Corporate Debtor, to the Board of Directors. (D) The IRP/RP will place particulars regarding CIRP costs and balance....