https://www.taxtmi.com/caselaws?id=383029 The National Company Law Appellate Tribunal allowed the Financial Creditor to withdraw the application under section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal set aside all interim orders, including the appointment of an Interim Resolution Professional and declaring moratorium. The Corporate Debtor was released from insolvency proceedings, enabling it to operate independently through its Board of Directors. The Resolution Professional had already been compensated, and no further orders were deemed necessary. The appeal was allowed with specific directions, and no costs were awarded in the circumstances. en-us Mon, 10 Jun 2019 00:00:00 +0530 Tue, 16 Jul 2019 08:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383029 The National Company Law Appellate Tribunal allowed the Financial Creditor to withdraw the application under section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal set aside all interim orders, including the appointment of an Interim Resolution Professional and declaring moratorium. The Corporate Debtor was released from insolvency proceedings, enabling it to operate independently through its Board of Directors. The Resolution Professional had already been compensated, and no further orders were deemed necessary. The appeal was allowed with specific directions, and no costs were awarded in the circumstances. Case-Laws Insolvency and Bankruptcy Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383029