TMI Blog2019 (5) TMI 820X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Hon ble Supreme Court in SWISS RIBBONS PVT. LTD. AND ANR. VERSUS UNION OF INDIA AND ORS. [ 2019 (1) TMI 1508 - SUPREME COURT] , we allow the prayer as made on behalf of the Respondent to withdraw the application as was filed by him under Section 7. Appeal allowed. - Company Appeal (AT) (Insolvency) No. 208 of 2019 - - - Dated:- 7-3-2019 - Mr S.J. Mukhopadhaya, Chairperson And ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... status of the respondent and submitted that the respondent do not come within the meaning of Financial Creditor . He further submits that the parties have settled the matter on 28th February, 2019. It is also informed that the Committee of Creditors have not been constituted. 3. Mr. Tushar Gupta, Advocate appears and accepts notice on behalf of Mr. Satish Sadashiv Rane. He ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es have settled the matter on 28th February, 2019. Copy of Terms of Settlement has also been brought on record. 3. Learned counsel for the Respondent- Mr. Satish Sadashiv Rane, accepts that part of amount has been paid to the Respondent in terms of schedule of payment as mentioned in the Terms of Settlement dated 28th February, 2019. 4. Ms. Anjali Sharma, Ad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed by the Financial Creditor as withdrawn. 6. In effect, order (s), passed by the Adjudicating Authority declaring moratorium and action, if any, taken by the Interim Resolution Professional all such orders and actions are set aside. Learned Adjudicating Authority will now close the proceeding. The Corporate Debtor (company) is released from all the rigour of law and is all ..... X X X X Extracts X X X X X X X X Extracts X X X X
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