2022 (12) TMI 371

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....Bhushan] Chairperson , [Dr. Alok Srivastava] Member (Technical) And [Barun Mitra] Member (Technical) For the Appellant : Mr. Abhijeet Sinha, Mr. Kaushik Poddar, Mr. Nitish K. Sharma, Advocates. For the Respondents : Mr. Devashish Bharuka, Mr. Saurabh Jain, Mr. Prayag Jain Godha, Advocates for R1. ORDER This Appeal has been filed against the order passed by the Adjudicating Authority (National ....

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.... 15.11.2022. An affidavit has been filed by Shri Deepak Bannsal stating that settlement has not been made by free consent. In view of the aforesaid, we are of the view that I.A. No. 4354 of 2022 need not be proceeded any further and the application is closed. We make it clear that we are not entering into allegations made by either of the parties and law will take its own course. I.A. No. 4354....

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....CIR Process against the Corporate Debtor." Learned counsel for the Appellant submits that Appellant is ready to deposit the amount of Rs.1,07,59,307/- by way of a Bank Draft. It is submitted that there is no other claim in consideration in the Section 9 application except the one noticed in Para 25 of the impugned order. Learned counsel for the Respondent submits that the claim of the Operatio....

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....The Operational Creditor to deposit the amount of Rs.2.5 Crore by way of a Demand Draft drawn in the name of 'The Pay and Accounts Officer, Ministry of Corporate Affairs, New Delhi' within one week." 2. Now another Application I.A. No. 4657 of 2022 has been filed on behalf of Respondent No.1 stating that Respondent No.1- Operational Creditor shall abide by the Settlement dated 15.11.2022. It is t....