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        Insolvency and Bankruptcy

        2019 (3) TMI 1016 - SCH - Insolvency and Bankruptcy

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        Supreme Court Annuls Proceedings, Allows Settlement Despite Withdrawal Issue The Supreme Court allowed the settlement and annulled the proceedings as withdrawal was not allowed after the invitation for expression of interest, ...
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Supreme Court Annuls Proceedings, Allows Settlement Despite Withdrawal Issue

                              The Supreme Court allowed the settlement and annulled the proceedings as withdrawal was not allowed after the invitation for expression of interest, despite agreement from all parties. Regulation 30A was deemed directory and not mandatory, allowing for withdrawal based on the facts of each case. The Special Leave Petition was disposed of accordingly.


                              The Supreme Court allowed the settlement and annulled the proceedings as withdrawal was not allowed after the invitation for expression of interest, despite agreement from all parties. Regulation 30A was deemed directory and not mandatory, allowing for withdrawal based on the facts of each case. The Special Leave Petition was disposed of accordingly.
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