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2019 (9) TMI 842 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHIAdmissibility of application - Initiation of CIRP - Section 9 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- In exercise of powers conferred under Rule 11 of the NCLAT Rules, 2016, we accept the terms of settlement and set-aside the impugned order dated 4th December, 2018. So far as the fee and cost of the ‘Resolution Professional’ is concerned, the ‘Corporate Debtor’ will pay a sum of ₹ 3.5 lakhs in favour of ‘Resolution Professional’ within three weeks, failing which, it will be open to the ‘Resolution Professional’ to bring the same to the notice of this Appellate Tribunal. Appeal allowed.
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