TMI Blog2020 (6) TMI 594X X X X Extracts X X X X X X X X Extracts X X X X ..... itted to the pay the resolution cost and fee of the interim resolution professional, no reply affidavit required to be filed by the interim resolution professional. In view of various developments and as terms of settlement has been reached between the appellant and the financial creditor prior to the constitution of committee of creditors , this Appellate Tribunal in exercise of power conferr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ucture P. Ltd. (corporate debtor) which has been admitted by impugned order dated September 19, 2019-(Dalmia Group Holdings v. Lokhandwala Infrastructure P. Ltd. [2020] 219 Comp Cas 558 (NCLT)) passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench. 2. Mr. Arun Kathpalia, learned senior counsel for the appellant director/ shareholder submits that before constitution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... led by the interim resolution professional. 6. In view of the aforesaid developments and as terms of settlement has been reached between the appellant and the financial creditor prior to the constitution of committee of creditors , this Appellate Tribunal in exercise of power conferred by rule 11 of the National Company Law Appellate Tribunal Rules, 2016, set aside the impugned order dated Sep ..... X X X X Extracts X X X X X X X X Extracts X X X X
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