https://www.taxtmi.com/caselaws?id=382255 The Tribunal allowed the Miscellaneous Applications filed by the Airtel Entities, permitting them to set off approximately INR 112 Crores against the dues owed by Aircel Entities. The decision established that set-off is permissible under the IBC, does not breach moratorium provisions, and ensures fair settlement of mutual claims without preferential treatment. The ruling reflects the recognized principle of set-off in accounting and legal precedents, maintaining the equitable treatment of creditors in insolvency proceedings. en-us Wed, 01 May 2019 00:00:00 +0530 Fri, 28 Jun 2019 08:13:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382255 The Tribunal allowed the Miscellaneous Applications filed by the Airtel Entities, permitting them to set off approximately INR 112 Crores against the dues owed by Aircel Entities. The decision established that set-off is permissible under the IBC, does not breach moratorium provisions, and ensures fair settlement of mutual claims without preferential treatment. The ruling reflects the recognized principle of set-off in accounting and legal precedents, maintaining the equitable treatment of creditors in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 01 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382255