2019 (11) TMI 1577

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....ndra, Technical Member For the Petitioner : Ms. Meenakshi V. For the Respondent : Abhijit Atur ORDER RAJESWARA RAO VITTANALA, JUDICIAL MEMBER - 1. C.P.(IB) No.202/BB/2019 is filed by M/s. J.R. Metal Chennai Ltd., ('Petitioner/Operational Creditor'), u/s. 9 of IBC, 2016, r/w Rule 6 of I&B (AAA) Rules, 2016, by inter alia, seeking to initiate Corporate Insolvency Resolution Pr....

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....e parties and extant provisions of the Code and Rules made thereunder. 4. Both the learned Counsels has filed Joint Memo dated 18-11-2019 (which is taken on record) which reads as under: "1. The Petitioner/Operational Creditor has approached this Tribunal seeking a declaration that the Respondent is insolvent and to pass appropriate orders in furtherance thereof. 2. The Respon....

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....be entitled to revive the present Petition." 5. In the light of the above Joint Memo, Ms. Meenakshi V., learned Counsel for the Petitioner, submits that the issue has been settled between the parties. Therefore, she urged the Adjudicating Authority to permit the Petitioner to withdraw the instant Company Petition subject to honoring the cheques as mentioned in the Joint Memo dated 18-11-2019, b....