2019 (3) TMI 957

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..... Judicial) For The Appellant : Mr. Joy Saha, Senior Advocate assisted by Mr. V. Jhunjhunwala, Mr. D. Maheshwari, Mr. Sachin Shukla, Mr. Aditya V. Singh, Advocates ORDER The Respondent - 'Agarwal Industries Pvt. Ltd.'- ('Operational Creditor') has filed application Under Section 9 of Insolvency & Bankruptcy Code ('I&B' Code) for initiation of Corporate Insolvency Resolution Process against 'Amit .....

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..... Kiran Kumar, Constituted Attorney of 'Agarwal Industries Pvt. Ltd. ('Operational Creditor') accepts that the parties have reached settlement on 08.02.2019. No reply-affidavit has been filed by the 'Operational Creditor' against the statement made by the Appellant that there were pre-existing disputes intimated by letter dated 10.04.2017. Taking into consideration the aforesaid fact, that there we .....

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..... The 'Corporate Debtor' is released from all the rigour of law and is allowed to function independently through its Board of Directors from immediate effect. The Adjudicating Authority will fix the fee of 'Interim Resolution Professional' and the 'Corporate Debtor' will pay the fees for the period he has functioned. The appeal is allowed with aforesaid observations and directions. No cost.
Cas .....

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