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2020 (2) TMI 1528 - AT - Insolvency and BankruptcyWithdrawal of Application admitted under CIRP - Corporate Debtor has already settled the dispute with the Operational Creditor (before constitution of CoC) - HELD THAT:- Considering the judgment of Hon’ble Supreme Court in the matter of Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors.[2019 (1) TMI 1508 - SUPREME COURT], it is apparent in the present matter that the Operational Creditor and the Corporate Debtor had entered into Settlement Deed before CoC was constituted. This is evident from the Bank Draft which is dated 10th January,2020. Although the CoC got constituted on 21.01.2020, when the matter had come up before this Tribunal on 23.01.2010, the fact of prior settlement was brought to the notice of this Tribunal. It appears that Financial Creditor Prema Gupta has filed Intervention Application and filed claim with the IRP - The present Appeal is disposed off on the basis of the compromise referred. It will be open to the Financial Creditor Prema Gupta to initiate proceedings of her own.
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