2021 (1) TMI 1303

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (JUDICIAL) AND SHREESHA MERLA, MEMBER (TECHNICAL) For the Appellant : Mr. Amey Hadwale, Mr. Amir Arsiwala, Ms. Geeta Lundwani, Ms. Vidhi Sharda, Advocates. For the Respondent : Mr. Aditya Mahajan, Ms. Aditi Mittal, Mr. Ayush Agarwala, Mr. Suvaaankoor Das, Mr. Siddhant, Ms. Arushi Kaulaskar, Advocates. ORDER The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench-II, disposed ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Insolvency Resolution Process (CIRP) has commenced. In view of the same, this appeal is rendered infructuous as the Corporate Debtor is faced with the CIRP proceedings though initiated by another Creditor viz. Operational Creditor. That apart, it emerges from the record that the Financial Creditor was given liberty to report any non-compliance with the Settlement Terms. This is clearly borne out ....