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2019 (10) TMI 56 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHIMaintainability of application - Initiation of CIRP - Corporate Debtor - pre-existing dispute or not - section 9 of the ‘Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The Appellant and the ‘Corporate Debtor’ will jointly directed to pay a sum of ₹ 3 Lakhs in favour of the ‘Resolution Professional – Mr. Naren Sheth’ within 3 weeks failing which it will be open to the ‘Interim Resolution Professional’ to bring this to the notice of the Appellate Tribunal or for recall of this order. In effect, order (s) passed by Ld. Adjudicating Authority appointing ‘Interim Resolution Professional’, declaring moratorium and all other order (s) passed by Adjudicating Authority pursuant to impugned order and action taken by the ‘Resolution Professional’ are set aside - Appeal allowed.
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