https://www.taxtmi.com/caselaws?id=377501 The Appellate Tribunal condoned a 3-day delay in appealing the order admitting an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by the Operational Creditor against the Corporate Debtor. The Tribunal found the appeal by the Corporate Debtor not maintainable due to the appointment of an insolvency professional, following the precedent set in "Innoventive Industries Limited" by the Supreme Court. Despite the Corporate Debtor's willingness to settle, the Tribunal clarified that the impugned order could not be set aside, allowing other parties to seek relief before the Committee of Creditors under Section 12 A of the I&B Code. en-us Mon, 21 Jan 2019 00:00:00 +0530 Fri, 29 Mar 2019 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377501 The Appellate Tribunal condoned a 3-day delay in appealing the order admitting an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by the Operational Creditor against the Corporate Debtor. The Tribunal found the appeal by the Corporate Debtor not maintainable due to the appointment of an insolvency professional, following the precedent set in "Innoventive Industries Limited" by the Supreme Court. Despite the Corporate Debtor's willingness to settle, the Tribunal clarified that the impugned order could not be set aside, allowing other parties to seek relief before the Committee of Creditors under Section 12 A of the I&B Code. Case-Laws Insolvency and Bankruptcy Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377501