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2019 (9) TMI 1596 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHIConstitution of Committee of Creditors - admission of application u/s 9 of the 'I&B' Code - HELD THAT:- Working for 42 days, we accept the fee of Mr. Anurag Nirbhaya, IRP at ₹ 1,50,000/- for the total period. Therefore, Mr. Anurag Nirbhaya will be entitled to receive a sum of ₹ 2,82,000/- which is to be paid by the Appellant/'Corporate Debtor' within three weeks failing which, it will be open to the IRP to bring the fact to the notice of this Appellate Tribunal for appropriate orders. In view of the settlement reached between the parties in exercise of power conferred under Rule 11 of NCLAT Rules, 2016, the impugned order dated 30th July, 2019 is set aside whereby the 'Corporate Insolvency Resolution Process' was initiated against 'M/s. Nikunj Woods Pvt. Ltd.' ('Corporate Debtor'). The application u/s. 9 of the 'I&B' Code filed by 'M/s. Lavis Signature Panel Pvt. Ltd.' stands disposed of as withdrawn. The application preferred by the Respondent under Section 9 of the ''I&B Code' is dismissed - appeal allowed.
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