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2020 (3) TMI 1286 - Tri - Insolvency and BankruptcyPrayer for withdrawal of application - Section 12A read with 30A of the IB Code - HELD THAT:- In view of the settlement between the parties and on filing application under Section 12A, the prayer of withdrawal of application is allowed. Accordingly, moratorium so granted under Section 14 of the IB Code ceased to have effect and IRP is discharge from the duties. The Operational Creditor is directed to clear the dues of IRP as on today. It is submitted by the Learned Lawyer for the Operational Creditor that they have already cleared the dues of the IRP - The Adjudicating Authority do not find any impediment in allowing the petition so filed by the Operational Creditor under Section 12A of the IB Code through IRP, duly executed by way of an affidavit. The instant application allowed and stand disposed-off as withdrawn.
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