TMI Blog2019 (1) TMI 842X X X X Extracts X X X X X X X X Extracts X X X X ..... 8. Thus, it is clear that the parties have reached for settlement much prior to the date of admission of application on 13th November, 2018. From the aforesaid fact, it is clear that there was no default of payment on the part of the appellant as on 13th November, 2018 and thereby no occasion for the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench, Chandigarh to admit the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , Mr. Gaurav Singh and Ms. Avshreya P.S. Rudy, Advocates For The Respondent : Mr. Nikhil Srivastava, Advocate And Mr. Savar Mahajan, Advocate ORDER On 16th November, 2018 when the matter was taken up, the following order was passed : Apart from other issues raised in the appeal it is contended by learned senior counsel representing the Appellant ( Corporate Debtor ) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Respondents . Since the Respondent Financial Creditor admits that the settlement had been arrived at between the Financial Creditor and the Corporate Debtor prior to passing of impugned order of admission, the appeal be posted for orders on 30 th November, 2018 . In the meanwhile, the Interim Resolution Professional shall not take any further steps in regard to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench, Chandigarh to admit the application under Section 7. Learned counsel for the Resolution Professional submits that in view of the settlement, parties have also paid the fees and insolvency cost to the Resolution Professional . He further submits that there is no more claim to be paid by the parties. For the reasons af ..... X X X X Extracts X X X X X X X X Extracts X X X X
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