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2019 (8) TMI 1037 - Tri - Insolvency and BankruptcyWithdrawal of the Corporate Insolvency Resolution Process - Section 12A of the Insolvency and Bankruptcy Code r.w 30(a) - the Petitioner Bank was able to make E-auction of the assets(property) of the company and full satisfaction of its debts realised - HELD THAT:- This Adjudicating Authority in exercise of its powers conferred under Section 12A of the Insolvency and Bankruptcy Code allow the present application for recording settlement and recalls the Corporate Insolvency Resolution Process but with such observation so as to safeguard adequate the interest of third party stakeholders that the present order shall not prejudice or affect right of others creditors, stakeholders as the case may be and they shall be at liberty to agitate their right and claim before appropriate forum including this Court in accordance with the law. - order dated 31.05.2019 recalled. Application allowed.
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