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2019 (5) TMI 820 - AT - Insolvency and BankruptcyPermission to withdraw application - Non-constitution of Committee of Creditors when the parties reached the settlement - HELD THAT:- As the parties have settled the matter prior to constitution of the ‘Committee of Creditors’, in the light of the decision of the Hon’ble Supreme Court in SWISS RIBBONS PVT. LTD. AND ANR. VERSUS UNION OF INDIA AND ORS. [2019 (1) TMI 1508 - SUPREME COURT] , we allow the prayer as made on behalf of the Respondent to withdraw the application as was filed by him under Section 7. Appeal allowed.
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