TMI Blog2019 (7) TMI 1132X X X X Extracts X X X X X X X X Extracts X X X X ..... No.1 to withdraw the application under Section 9, which stands disposed of as withdrawn. The Adjudicating Authority will close the proceedings. - Company Appeal (AT) (Insolvency) No. 572 of 2019 - - - Dated:- 30-5-2019 - Mr S. J. Mukhopadhaya, Chairperson, Mr A.I.S. Cheema, Member (Judicial) And Mr Kanthi Narahari, Member (Technical) For The Appellant : Ms. Anjali Ja ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 13,22,927/- in terms of such settlement was also brought and it was informed that the Committee of Creditors has not been constituted. We adjourned the matter allowing the Counsel for the Respondent ( Operational Creditor ) to file affidavit and to inform the Interim Resolution Professional . 3. Pursuant to earlier order an affidavit has been filed by 1st Responde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 13,22,927/- issued in the name of Alloysmin Industries to Counsel for the Respondent for onward transmission to Operational Creditor . 6. In the facts and circumstances, we assess the fee and cost of the Interim Resolution Professional at ₹ 1,22,000/-. The Appellant will hand over a cheque to the Interim Resolution Professional in the course of the day. 7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the I B Code, 2016 is dismissed. Learned Adjudicating Authority will now close the proceeding. The appellant Corporate Debtor (company) is released from all the rigour of law and is allowed to function independently through its Board of Directors from immediate effect. 9. The appeal is allowed with aforesaid observations. However, in the facts and circumstances of the case, there ..... X X X X Extracts X X X X X X X X Extracts X X X X
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