TMI Blog2020 (2) TMI 1075X X X X Extracts X X X X X X X X Extracts X X X X ..... een constituted, which is also accepted by learned counsel for the Interim Resolution Professional. Interim Resolution Professional having worked for about 20 days, has already incurred cost against publication of notice - ₹ 15,000/- approx., engagement of lawyer - ₹ 1/- lakh approx., travelling expenses - ₹ 50,000/- approx., therefore, we assess the total fee and cost of the Int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (hereinafter referred to as 'I B Code') for initiation of Corporate Insolvency Resolution Process of 'M/s Canadian Crystalline Water India Limited' (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal), Division Bench-I, Chennai, by impugned order, dated 7th November, 2019, admitted the application, which is under challenge. 2. On 28th November, 2019, w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the Interim Resolution Professional and another sum of ₹ 2.75/- lakh is to be paid. 5. We have heard learned counsel for the parties and find that the Committee of Creditors has not been constituted, which is also accepted by learned counsel for the Interim Resolution Professional. Interim Resolution Professional having worked for about 20 days, has already incurred cost against publi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 019, passed by the Adjudicating Authority and dispose of the application under Section 9 as withdrawn. The Corporate Debtor is released from rigour of Corporate Insolvency Resolution Process. The Interim Resolution Professional will handover all the records and assets of the Corporate Debtor, immediately. If the amount of ₹ 1/- lakh is not paid to the Interim Resolution Professional within 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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