https://www.taxtmi.com/caselaws?id=388292 The National Company Law Appellate Tribunal accepted the terms of settlement outlined in a Settlement Deed dated 19th July, 2019, in a dispute regarding the admission of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against a Corporate Debtor. The impugned order admitting the application was set aside, and the application was withdrawn, releasing the Company from legal constraints. The Tribunal also noted the settlement of fees and costs by the Interim Resolution Professional, allowing the Company to operate independently through its Board of Directors. The appeal was allowed with specific observations and directions, and no costs were imposed on any party. en-us Wed, 14 Aug 2019 00:00:00 +0530 Wed, 13 Nov 2019 09:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388292 The National Company Law Appellate Tribunal accepted the terms of settlement outlined in a Settlement Deed dated 19th July, 2019, in a dispute regarding the admission of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against a Corporate Debtor. The impugned order admitting the application was set aside, and the application was withdrawn, releasing the Company from legal constraints. The Tribunal also noted the settlement of fees and costs by the Interim Resolution Professional, allowing the Company to operate independently through its Board of Directors. The appeal was allowed with specific observations and directions, and no costs were imposed on any party. Case-Laws Insolvency and Bankruptcy Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388292