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2019 (8) TMI 876

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..... ee of Creditors and in view of the decision 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 ] and in exercise of inherent powers under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016, we set aside the impugned order dated 23rd April, 2019 and allow the respondent (Operational Creditor) to withdr .....

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..... or short, the I B Code ) against Choudhery Cheese Bazar Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal), New Delhi Bench by impugned order dated 23rd April, 2019 having admitted the application u/s 9 of the I B Code , the present appeal has been preferred by Mr. Ashish Choudhery a shareholder of M/s. Choudhery Cheese Bazar Pvt. Ltd. .....

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..... Automation Solutions appears in person and submits that the 1st Respondent has already received the amounts by Demand Draft. 4. Mr. Ravi Bansal, Interim Resolution Professional appears in person and submits that he has incurred a cost of ₹ 1,13,000/- towards expenses and also entitled to receive the fee for a period of one and a half month (45 days). He also informed that .....

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..... be entitled for a fee of ₹ 1,50,000 towards professional fee and a sum of ₹ 1,13,000/- cost incurred by him i.e. total ₹ 2,63,000/-. As he has already received ₹ 2,00,000/-, rest of ₹ 63,000/- amount will be paid by the Corporate Debtor within 15 days, failing which it will be open to the Resolution Professional to move before this Appellate Tribunal for initiation .....

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