2019 (4) TMI 139

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The Appellant : Mr. Rajiv Ranjan, Senior Advocate with Mr. Nishant Gautam, Mr. Vardhman Kaushik and Mr. Ravi Singh, Advocates For The Respondent : Mr. G P Madaan, Ms. Payal Juneja and Mr. Utkarsh Mishra, Advocates ORDER Mr. Dilip Chhabria, Shareholder and Director of 'Dilip Chhabria Design Pvt. Ltd.' has challenged the order dated 14th December, 2018 passed by the Adjudicating Authority (Natio .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on the 'Corporate Debtor'. 4. Learned counsel for the parties submits that the matter has already been settled and 'Terms of Settlement' dated 3rd January, 2019 has been filed. 5. In "M/s. Innoventive Industries Ltd. v. ICICI Bank & Anr. ─Company Appeal (AT) (Insolvency) No. 1 & 2 of 2017", this Appellate Tribunal referring to Section 424 of the Companies Act, which has adopted by XIth Sc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... other order (s) passed by the Adjudicating Authority pursuant to impugned order and action taken by the 'Interim Resolution Professional', including the advertisement published in the newspaper calling for applications all such orders and actions are declared illegal and are set aside. The application preferred by Respondent under Section 7 of the 'I&B Code' is dismissed. Learned Adjudicating Auth .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X