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2022 (5) TMI 1618 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH, NEW DELHISeeking withdrawal of appeal - Application under Section 7 has been admitted - HELD THAT:- An Application has been filed by the parties bringing on record a Settlement dated 21.04.2022. The Settlement contemplates that both the parties shall withdraw respectfully the Appeal being Company Appeal as well as the Application under Section 7 filed by the Financial Creditor. The application is allowed taking the Settlement on record and the Appellant is permitted to withdraw the Company Appeal to enable the parties to approach the Adjudicating Authority by filing an Application for withdrawal of Section 7 Application. With regard to expenses etc., it shall be open for the parties to request the Adjudicating Authority to pass appropriate order. The Appeal is permitted to be withdrawn.
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