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2021 (3) TMI 385 - SCH - Insolvency and BankruptcySetting aside of order of NCLT by NCLAT - pre-existing disputes between the Respondent and the Appellant or not - HELD THAT:- The direction is in the nature of costs of the proceedings under Section 7 of the IBC, which have been found to be unsustainable in law. The Respondent having succeeded, cannot be saddled with the costs of the Corporate Insolvency Resolution Process (CIRP) initiated at the behest of the Appellant or with the fees of the Interim Resolution Professional (IRP). The direction does not warrant interference in appeal. There are no grounds to interfere with the order dated 10th August, 2020 passed by the National Company Law Appellate Tribunal - appeal dismissed.
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