https://www.taxtmi.com/caselaws?id=278901 The appeals were filed against orders admitting the application under Section 9 of the Insolvency and Bankruptcy Code, leading to the appointment of an Insolvency Resolution Professional. The parties reached a settlement with the Operational Creditor for a payment of Rs. 550 Crores within 120 days. The Tribunal directed the Corporate Debtors to make the payment, allowed management to function, and stayed the Corporate Insolvency Resolution Process. Failure to comply could result in dismissal of appeals and completion of the resolution process. Affidavits of undertaking were required to be filed within 10 days. en-us Wed, 30 May 2018 00:00:00 +0530 Sun, 24 Feb 2019 14:02:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278901 The appeals were filed against orders admitting the application under Section 9 of the Insolvency and Bankruptcy Code, leading to the appointment of an Insolvency Resolution Professional. The parties reached a settlement with the Operational Creditor for a payment of Rs. 550 Crores within 120 days. The Tribunal directed the Corporate Debtors to make the payment, allowed management to function, and stayed the Corporate Insolvency Resolution Process. Failure to comply could result in dismissal of appeals and completion of the resolution process. Affidavits of undertaking were required to be filed within 10 days. Case-Laws Insolvency and Bankruptcy Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278901