https://www.taxtmi.com/caselaws?id=383554 The appeal against the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed by the Tribunal. The Tribunal found that the Settlement Agreement between the parties was not properly executed and brought to the notice of the Adjudicating Authority. Despite acknowledging the settlement, the Operational Creditor failed to honor the agreement, leading to the filing of a claim post-settlement. As a result, the Tribunal declined to allow the Operational Creditor to withdraw the application under Section 9 of the I&B Code, and the appeal was dismissed with no costs awarded. en-us Tue, 14 May 2019 00:00:00 +0530 Fri, 26 Jul 2019 08:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383554 The appeal against the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed by the Tribunal. The Tribunal found that the Settlement Agreement between the parties was not properly executed and brought to the notice of the Adjudicating Authority. Despite acknowledging the settlement, the Operational Creditor failed to honor the agreement, leading to the filing of a claim post-settlement. As a result, the Tribunal declined to allow the Operational Creditor to withdraw the application under Section 9 of the I&B Code, and the appeal was dismissed with no costs awarded. Case-Laws Insolvency and Bankruptcy Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383554