9911796707
TMI Blog2024 (1) TMI 964X X X X Extracts X X X X X X X X Extracts X X X X ..... the order dated 21.12.2023 passed by the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench Court No.1, by which order the Adjudicating Authority has refused to give another opportunity to the Appellant to file a reply and the right to reply has struck off. 3. Learned Counsel for the Appellant submits that there has been talks of settlement, on 16.11.2023 in effect settlement was communicated but it could not be finalized, hence, the time was taken to bring on record the settlement. Thereafter, no reply was given by the Corporate Debtor and the Adjudicating Authority again allowed time on 22.11.2023 to the Appellant directing for payment of cost of Rs.25,000/- within one week and granted three weeks' time to bring se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rporate debtor is directed to file reply within three weeks with a copy in advance to the counsel opposite. Rejoinder thereto, if any, be filed within two weeks thereafter with a copy in advance to the counsel opposite. In the meantime, learned counsel for the petitioner/financial creditor to inform the next date of hearing to the learned counsel for the petitioner through email and place the said email along with an affidavit on record within two weeks. List the matter on 16.05.2023. 16th May, 2023 As per the direction passed by this Bench on 20.03.2023, compliance affidavit has been filed by the learned counsel for the petitioner-Operational Creditor vide diary No.02820/2 dated 30.03.2023. The same is taken on record. A date is requ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 023 passed following order:- "CP (IB) No. 13/Chd/Pb/2023 IA No. 2356/23 was filed for seeking an extension of time for filing the reply, and on the last date of hearing, it was stated by learned counsel for the respondent-corporate debtor that the matter has been settled between the parties and only formal execution of settlement agreement is required. In these circumstances, IA No. 2356/23 was rendered infructuous and disposed of on last date of hearing, since the reply has not been filed and no agreement has been placed before the Bench, therefore, learned counsel for Respondent-Corporate debtor is directed to pay the cost of Rs. 25,000/- to petitioner-operational creditor within one week. Learned counsel for the respondent-corporate ..... X X X X Extracts X X X X X X X X Extracts X X X X
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