2020 (3) TMI 1286

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.... Member (J) And Chocklingram Thirunavukkarasu, Member (T) ORDER The parties are represented through learned counsels and PCA. The instant application is filed under Section 12A r.w 30A of the IB Code through IRP for withdrawal of the CP(IB) 250/2019. Learned Lawyer appearing on behalf of the Operational Creditor as well as PCA for Suspended Management are present. The Operational Creditor conc....

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.... today. It is submitted by the Learned Lawyer for the Operational Creditor that they have already cleared the dues of the IRP. Further, the Hon'ble Supreme Court in the matter of Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors., clarified as under; "We made it clear that at any stage where the COC is not yet constituted, a party can approach the NCLT directly, which Tribunal may, in....