2020 (1) TMI 1220

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....on), Justice Bansi Lal Bhat (Member(Judicial) And Justice Anant Bijay Singh (Member(Judicial) For Appellant:- present but not marked appearance. For Respondents:- Ms. Shruti Agarwal, Advocate. Mr. Pranay, Advocate for IRP ORDER 'M/s. Tirupati Timber & Packaging Limited'- ('Operational Creditor') moved an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("I&B Code....

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....Adjudicating Authority directed the 'Interim Resolution Professional' to constitute the 'Committee of Creditors' within a week. It is submitted that such direction itself made application under Rule 11 infructuous so that the parties cannot settle which is against the decision of the Hon'ble Supreme Court in "Swiss Ribbons Pvt. Ltd. & Anr. vs. Union of India & Ors.─ Writ Petition (Civil) No.....