https://www.taxtmi.com/caselaws?id=386194 The appeal against the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was allowed. The settlement between parties before the constitution of Committee of Creditors was accepted, leading to the withdrawal of the application. The impugned order was set aside, and the respondent company was released from legal obligations. The Interim Resolution Professional's fees were directed to be paid, and the company was allowed to function independently through its Board of Directors. The appeal was allowed with observations and directions, without imposing costs on either party. en-us Fri, 03 May 2019 00:00:00 +0530 Tue, 24 Sep 2019 07:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386194 The appeal against the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was allowed. The settlement between parties before the constitution of Committee of Creditors was accepted, leading to the withdrawal of the application. The impugned order was set aside, and the respondent company was released from legal obligations. The Interim Resolution Professional's fees were directed to be paid, and the company was allowed to function independently through its Board of Directors. The appeal was allowed with observations and directions, without imposing costs on either party. Case-Laws Insolvency and Bankruptcy Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386194