https://www.taxtmi.com/caselaws?id=386572 The appeal was allowed, and the order to initiate Corporate Insolvency Resolution Process against the Corporate Debtor was set aside. Evidence of a pre-existing dispute regarding the supply of goods was presented, showing a settlement had been reached. The 1st Respondent was permitted to withdraw the application under the I&B Code, and proceedings were closed. Both parties were directed to pay a sum to the Resolution Professional. All related orders were set aside, and the Respondent Company was released from legal constraints to operate independently. No costs were imposed. en-us Tue, 16 Jul 2019 00:00:00 +0530 Thu, 03 Oct 2019 06:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386572 The appeal was allowed, and the order to initiate Corporate Insolvency Resolution Process against the Corporate Debtor was set aside. Evidence of a pre-existing dispute regarding the supply of goods was presented, showing a settlement had been reached. The 1st Respondent was permitted to withdraw the application under the I&B Code, and proceedings were closed. Both parties were directed to pay a sum to the Resolution Professional. All related orders were set aside, and the Respondent Company was released from legal constraints to operate independently. No costs were imposed. Case-Laws Insolvency and Bankruptcy Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386572