https://www.taxtmi.com/caselaws?id=382199 The appeal was allowed, and the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, was withdrawn following a settlement between the parties before the Committee of Creditors was constituted. The NCLT set aside the moratorium and actions by the Interim Resolution Professional, releasing the Corporate Debtor from insolvency proceedings. The Interim Resolution Professional was directed to receive remaining fees and costs within three weeks. The settlement was pivotal in the Tribunal's decision, enabling the Corporate Debtor to resume operations independently through its Board of Directors. en-us Thu, 07 Mar 2019 00:00:00 +0530 Mon, 11 Nov 2024 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382199 The appeal was allowed, and the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, was withdrawn following a settlement between the parties before the Committee of Creditors was constituted. The NCLT set aside the moratorium and actions by the Interim Resolution Professional, releasing the Corporate Debtor from insolvency proceedings. The Interim Resolution Professional was directed to receive remaining fees and costs within three weeks. The settlement was pivotal in the Tribunal's decision, enabling the Corporate Debtor to resume operations independently through its Board of Directors. Case-Laws IBC Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382199