https://www.taxtmi.com/caselaws?id=283393 The Tribunal invoked jurisdiction under section 9 of the Insolvency and Bankruptcy Code, initiating the Moratorium period and appointing an Interim Resolution Professional. The Corporate Insolvency Resolution Process began with specified conditions, including the submission of a Resolution Plan. Parties settled disputes, agreeing to withdraw the Insolvency Application upon payment. Despite the ongoing process, the Tribunal permitted withdrawal based on settlement, citing the need for complete justice under Article 142 of the Indian Constitution. The Respondent was directed to fulfill financial obligations towards the Interim Resolution Professional, and previous directions were ceased. en-us Mon, 24 Jul 2017 00:00:00 +0530 Sat, 21 Sep 2019 07:16:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283393 The Tribunal invoked jurisdiction under section 9 of the Insolvency and Bankruptcy Code, initiating the Moratorium period and appointing an Interim Resolution Professional. The Corporate Insolvency Resolution Process began with specified conditions, including the submission of a Resolution Plan. Parties settled disputes, agreeing to withdraw the Insolvency Application upon payment. Despite the ongoing process, the Tribunal permitted withdrawal based on settlement, citing the need for complete justice under Article 142 of the Indian Constitution. The Respondent was directed to fulfill financial obligations towards the Interim Resolution Professional, and previous directions were ceased. Case-Laws Insolvency and Bankruptcy Mon, 24 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283393