NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI

I. A. No.229 of 2019 in

Company Appeal (AT) (Insolvency) No. 79 of 2019

IN THE MATTER OF:

Amit Katyal

…Appellant

Vs

Manjula Khullar & Ors.

….Respondents

Present:

For Appellant:

Dr. Abhishek Manu Singhvi, Mr. Amit Sibal and

Mr. Virender Gnada, Sr. Advocates with Mr. Pulkit

Deoria, Ms. Devanshi and Mr. Prashant Katara,

Advocates.

For Respondents: Mr. Praveen Kumar Aggarwal, Advocate for R-1 to

3 (Financial Creditors).

Mr.

Ashok

Kumar

Juneja

and

Mr.

Akash

Srivastava, Advocates for IRP.

O R D E R

04.02.2019:

‘Manjula Khullar and Ors.’ filed application under Section 7

of the I&B Code for initiation of Corporate Insolvency Resolution Process against

‘M/s Krrish Shalimar Projects Pvt. Ltd.’ (Corporate Debtor). The Adjudicating

Authority by impugned order dated 16^th January, 2019 admitted the application

being C. P. No. (IB)-1148(PB)/2018. During the pendency of the aforesaid

petition and this appeal and before constitution of Committee of Creditors,

Mr. Amit Katyal, Shareholder of the Corporate Debtor reached settlement with

the Respondent No. 1, 2 and 3 (Financi