Tribunals and CommissionsDivision Bench(2019) 08 NCLT CK 0466

Trans Asian Shipping Pvt. Ltd. vs Logan Minerals Pvt. Ltd.

National Company Law Tribunal, Kolkata Bench · Decided on 20 August 2019

HON’BLE JUDGES
M.B. Gosavi, Member (J) · Virendra Kumar Gupta, Member (T)
RESULT
Disposed Of
CASE NUMBER
CP(IB)No.1706/KB/2018, CA(IB)No.1031/KB/2019

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Judgment

2 paragraphs · 98 words

ORDER

Ld. Counsel for the operational creditor as well as corporate debtor appears. Corporate Debtor is admitted in CIRP vide order dated 25.07.2019 and the CIRP is on. It is submitted that EoI is published but RP did not attend the proceeding today. CoC is yet to be formed. In such situation and since parties have settled the dispute amongst them amicably, we allow withdrawal of this matter by invoking our jurisdiction under rule 11 of NCLT Rules. In view of this, CA(IB) 1031/KB/19 is allowed and disposed off. Main matter is also disposed off as being withdrawn.