https://www.taxtmi.com/caselaws?id=383269 The Tribunal found the claim under the Insolvency and Bankruptcy Code not maintainable as the Respondent was not insolvent. The Settlement Agreement extinguished all rights and obligations, preventing the Petitioner from invoking the IBC. Disputes over the outstanding amount and procedural non-compliance led the Tribunal to reject the application for CIRP proceedings, stating it was not a fit case for admission. The Petitioner was allowed to seek other remedies without costs awarded. en-us Fri, 10 May 2019 00:00:00 +0530 Fri, 13 Dec 2019 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383269 The Tribunal found the claim under the Insolvency and Bankruptcy Code not maintainable as the Respondent was not insolvent. The Settlement Agreement extinguished all rights and obligations, preventing the Petitioner from invoking the IBC. Disputes over the outstanding amount and procedural non-compliance led the Tribunal to reject the application for CIRP proceedings, stating it was not a fit case for admission. The Petitioner was allowed to seek other remedies without costs awarded. Case-Laws Insolvency and Bankruptcy Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383269