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2019 (6) TMI 1559 - Tri - Insolvency and BankruptcyWithdrawal of application - Prayer to recall the order - section 9 of the IB Code - HELD THAT:- On filing of the instant application notice was issued to the IRP. The IRP appeared through its conducting lawyer and stated that in view of his appointment he has issued notice for convening the meeting of COC and further submitted that he has no objection provided his dues are cleared and submitted that approximately ₹ 8 lacs have been spent by the IRP. However, in support of such contention no documents and/or payment receipt or any invoice filed in respect of the expenditure incurred. Since, party has settled mutually, I found no reason to reject the petition so filed by the petitioner jointly for withdrawal of the application at this stage relying on a judgment of the Hon'ble Supreme Court in the matter of Swiss Ribbons vs. Union of India [2019 (1) TMI 1508 - SUPREME COURT]. Application allowed.
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