2020 (1) TMI 807

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..... ee of Creditors' has not been constituted. In exercise of powers conferred under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016, we set aside the impugned order dated 6th November, 2019 and allow Mr. Hukum Singh to withdraw the application under Section 7 which stands disposed of as withdrawn. Appeal allowed. - Company Appeal (At) (Insolvency) No. 1243 Of 2019 - - .....

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..... appeal has been preferred by the Director of the 'Corporate Debtor'. 2. The Learned counsel appearing on behalf of the Appellant submits that Mr. Hukum Singh ('Financial Creditor') claimed default of ₹ 1,18,24,984/-. The Appellant has come with the Banker's Cheque No. 046566 dated 14th November, 2019 issued by 'Axis Bank Limited', Saket, New Delhi in the .....

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..... ted. 5. In view of the aforesaid development and in exercise of powers conferred under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016, we set aside the impugned order dated 6th November, 2019 and allow Mr. Hukum Singh ('Financial Creditor') to withdraw the application under Section 7 which stands disposed of as withdrawn. The Adjudicating Authority will now clo .....

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