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TMI Blog2019 (6) TMI 1492X X X X Extracts X X X X X X X X Extracts X X X X ..... ma, Judicial Member And Kanthi Narahari, Technical Member For the Appellant : Akhilesh, Advocate for the Appellant. For the Respondent : Saurabh Seth, Advocate and Ajay Kumar, Interim Resolution Professional ORDER 1. M/s. Suntech Infra Solutions Pvt. Ltd. ('Operational Creditor') filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) against M/s. Sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssional'. 3. Counsel for the Appellant has placed on record a copy of settlement dated 7th June, 2019, from which it is clear that a sum of Rs. 33 lakhs have been handed over to Respondent - M/s. Suntech Infra Solutions Pvt. Ltd. in terms of settlement. The fee of 'Interim Resolution Professional' has also been paid. 4. Mr. Ajay Kumar Jain, 'Interim Resolution Professional' a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion taken by the 'Resolution Professional' are set aside. The application preferred by the Respondent under Section 9 of the I&B Code is disposed of as withdrawn. The Adjudicating Authority will now close the proceeding The Respondent Company is released from all the rigour of law and is allowed to function independently through its Board of Directors from immediate effect. 7. The appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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