https://www.taxtmi.com/caselaws?id=380092 The appeal filed by the Corporate Debtor against the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code was found not maintainable. The parties settled before the constitution of the Committee of Creditors, allowing withdrawal of the application under Section 7. Consequently, the Corporate Debtor was released from the moratorium, and directed to pay outstanding fees to the Interim Resolution Professional within three weeks. Failure to comply could result in the revival of the Resolution Process. The appeal was allowed with specific directions, and no costs were imposed. en-us Thu, 07 Mar 2019 00:00:00 +0530 Tue, 14 May 2019 07:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380092 The appeal filed by the Corporate Debtor against the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code was found not maintainable. The parties settled before the constitution of the Committee of Creditors, allowing withdrawal of the application under Section 7. Consequently, the Corporate Debtor was released from the moratorium, and directed to pay outstanding fees to the Interim Resolution Professional within three weeks. Failure to comply could result in the revival of the Resolution Process. The appeal was allowed with specific directions, and no costs were imposed. Case-Laws Insolvency and Bankruptcy Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380092