https://www.taxtmi.com/caselaws?id=283457 The Appellant was deemed entitled to benefit from the settlement reached prior to the constitution of the Committee of Creditors. Consequently, the impugned order was set aside, and the application under Section 9 was dismissed. The Appellant was directed to hand over the drafts to the Operational Creditor, with a warning that failure to do so could lead to a revival of the Operational Creditor's prayer. The appeal was allowed with no costs, and the ruling did not obstruct other Creditors from pursuing appropriate applications before the Adjudicating Authority. en-us Tue, 12 Mar 2019 00:00:00 +0530 Mon, 23 Sep 2019 19:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283457 The Appellant was deemed entitled to benefit from the settlement reached prior to the constitution of the Committee of Creditors. Consequently, the impugned order was set aside, and the application under Section 9 was dismissed. The Appellant was directed to hand over the drafts to the Operational Creditor, with a warning that failure to do so could lead to a revival of the Operational Creditor's prayer. The appeal was allowed with no costs, and the ruling did not obstruct other Creditors from pursuing appropriate applications before the Adjudicating Authority. Case-Laws Insolvency and Bankruptcy Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283457