TMI Blog2020 (3) TMI 1352X X X X Extracts X X X X X X X X Extracts X X X X ..... ievance that no clear assurance regarding CIRP costs and payment of Fee of IRP is there - HELD THAT:- This Appeal is disposed off, permitting the Appellant to pursue the matter before the Adjudicating Authority with regard to withdrawal of Application under Section 9 of IBC, which Application is stated to have been filed by Respondent No. 1- Operational Creditor - The Adjudicating Authority will ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is also tendered at Bar. 2. Learned Counsel for the Interim Resolution Professional (in short IRP ) states that the Committee of Creditors (in short CoC ) has not yet been constituted and that although CoC is not constituted, IRP has received claim of ₹ 4 Crores from Bank of Baroda. 3. It is also stated that the Respondent No. 1- Operational Creditor has already filed Application un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T)(Insolvency) No. 1427 of 2019 by this Tribunal. The Adjudicating Authority is requested to get response from IRP and urgently decide the Application under Rule 11 of NCLT Rules for withdrawal of Section 9 Application which is stated to have been filed by the Respondent No. 1- Operational Creditor. The IRP will not constitute CoC till 25.03.2020 by which time this process should be completed by t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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