https://www.taxtmi.com/caselaws?id=365564 The Appellate Tribunal set aside the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, as the Corporate Debtor was not heard, violating natural justice principles. The Tribunal acknowledged the settlement between the parties, dismissing the application and releasing the Corporate Debtor from insolvency proceedings. All previous orders were deemed illegal, and the Corporate Debtor was allowed to operate independently. The parties made payments towards legal dues and resolution costs, with no costs awarded in the appeal. The proceedings were directed to be closed, relieving the Corporate Debtor from insolvency immediately. en-us Fri, 29 Jun 2018 00:00:00 +0530 Mon, 20 Aug 2018 07:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365564 The Appellate Tribunal set aside the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, as the Corporate Debtor was not heard, violating natural justice principles. The Tribunal acknowledged the settlement between the parties, dismissing the application and releasing the Corporate Debtor from insolvency proceedings. All previous orders were deemed illegal, and the Corporate Debtor was allowed to operate independently. The parties made payments towards legal dues and resolution costs, with no costs awarded in the appeal. The proceedings were directed to be closed, relieving the Corporate Debtor from insolvency immediately. Case-Laws Insolvency and Bankruptcy Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365564