In the matter of Mr. Rajneesh Nagar Vs. Ultimate Infracity Pvt. Ltd. & Ors. CA(AT)(Ins) No. 1483 of 2019

The Learned Counsel for the Appellant seeks permission from this Court to withdraw the instant Company Appeal. Accordingly, the instant appeal is dismissed as withdrawn.

Heard the Learned Counsel for the Appellant.

It is represented on behalf of the Appellant that the matter has been settled between the parties. Hence, The Learned Counsel for the Appellant seeks permission from this Court to withdraw the instant Company Appeal.

Accordingly, the instant appeal is dismissed as withdrawn. Further, the Learned Counsel for the Appellant is permitted to move an application before the Learned Adjudicating Authority for withdrawal of the application as per Section 12A of the ‘I&B’ Code, 2016 read with Regulation 30A of the Insolvency And Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) 2nd Amendment Regulations 2019 and to seek appropriate remedy if it so desires/advised. It is made clear that if ‘Committee of Creditors’ is not constituted yet, the same shall not be constituted for a period of three days from today.

[Justice Venugopal M.]

Member (Judicial)

[V.P. Singh]

Member (Technical)

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In the matter of Mr. Rajneesh Nagar Vs. Ultimate Infracity Pvt. Ltd. & Ors. CA(AT)(Ins) No. 1483 of 2019

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Heard the Learned Counsel for the Appellant. 
It is represented on behalf of the Appellant that the matter has been settled between the parties. Hence, The Learned Counsel for the Appellant seeks permission from this Court to withdraw the instant Company Appeal. 
Accordingly, the instant appeal is dismissed as withdrawn. Further, the Learned Counsel for the Appellant is permitted to move an application before the Learned Adjudicating Authority for withdrawal of the application as per
Section 12A of the ‘I&amp;B’ Code, 2016 read with Regulation 30A of the Insolvency And Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) 2nd Amendment Regulations 2019 and to seek appropriate remedy if it so desires/advised. It is made clear that if ‘Committee of Creditors’ is not constituted yet, the same shall not be constituted for a period of three days from today. 
[Justice Venugopal M.] 
Member (Judicial) 
[V.P. Singh] 
Member (Technical)

Heard the Learned Counsel for the Appellant. 
It is represented on behalf of the Appellant that the matter has been settled between the parties. Hence, The Learned Counsel for the Appellant seeks permission from this Court to withdraw the instant Company Appeal. 
Accordingly, the instant appeal is dismissed as withdrawn. Further, the Learned Counsel for the Appellant is permitted to move an application before the Learned Adjudicating Authority for withdrawal of the application as per
Section 12A of the ‘I&B’ Code, 2016 read with Regulation 30A of the Insolvency And Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) 2nd Amendment Regulations 2019 and to seek appropriate remedy if it so desires/advised. It is made clear that if ‘Committee of Creditors’ is not constituted yet, the same shall not be constituted for a period of three days from today. 
[Justice Venugopal M.] 
Member (Judicial) 
[V.P. Singh] 
Member (Technical)

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In the matter of Mr. Rajneesh Nagar Vs. Ultimate Infracity Pvt. Ltd. & Ors. CA(AT)(Ins) No. 1483 of 2019