https://www.taxtmi.com/caselaws?id=371906 The appeal was allowed, and the delay issue was disposed of as there was no delay in filing the appeal. The Tribunal found the demand notice was not validly served, leading to the setting aside of orders passed by the Adjudicating Authority under Section 9 of the Insolvency and Bankruptcy Code. The parties settled the matter, and the deposited amount was released to the 'Operational Creditor'. All orders by the Adjudicating Authority were declared illegal, and the 'Corporate Debtor' was released from obligations, allowed to function independently through its Board of Directors, with fees of the Resolution Professional to be paid by the 'Corporate Debtor'. en-us Tue, 30 Oct 2018 00:00:00 +0530 Fri, 14 Dec 2018 07:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371906 The appeal was allowed, and the delay issue was disposed of as there was no delay in filing the appeal. The Tribunal found the demand notice was not validly served, leading to the setting aside of orders passed by the Adjudicating Authority under Section 9 of the Insolvency and Bankruptcy Code. The parties settled the matter, and the deposited amount was released to the 'Operational Creditor'. All orders by the Adjudicating Authority were declared illegal, and the 'Corporate Debtor' was released from obligations, allowed to function independently through its Board of Directors, with fees of the Resolution Professional to be paid by the 'Corporate Debtor'. Case-Laws Insolvency and Bankruptcy Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371906