https://www.taxtmi.com/caselaws?id=390395 The Tribunal set aside the order initiating Corporate Insolvency Resolution Process due to a settlement reached between the parties before the formation of the Committee of Creditors. The Corporate Debtor was released from legal obligations, allowed to resume independent functioning, and the Interim Resolution Professional was directed to transfer assets and records promptly. The Tribunal assessed the fee of the Interim Resolution Professional and specified the amount per month, adjusting the advance already received. The Appeal was allowed with observations and directions, with no costs awarded. en-us Mon, 11 Nov 2019 00:00:00 +0530 Wed, 01 Jan 2020 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390395 The Tribunal set aside the order initiating Corporate Insolvency Resolution Process due to a settlement reached between the parties before the formation of the Committee of Creditors. The Corporate Debtor was released from legal obligations, allowed to resume independent functioning, and the Interim Resolution Professional was directed to transfer assets and records promptly. The Tribunal assessed the fee of the Interim Resolution Professional and specified the amount per month, adjusting the advance already received. The Appeal was allowed with observations and directions, with no costs awarded. Case-Laws Insolvency and Bankruptcy Mon, 11 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390395