https://www.taxtmi.com/caselaws?id=390492 Where the operational creditor and corporate debtor settled their dispute before constitution of the committee of creditors, the appellate tribunal used its inherent powers to record the settlement, accept the agreed payment arrangement, and terminate the insolvency process. The section 9 admission order and consequential insolvency actions were set aside, and the proceeding was treated as withdrawn. The tribunal also preserved the operational creditor's right to seek revival of the proceedings if there is default under the settlement. en-us Mon, 04 Nov 2019 00:00:00 +0530 Sun, 05 Jan 2020 10:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390492 Where the operational creditor and corporate debtor settled their dispute before constitution of the committee of creditors, the appellate tribunal used its inherent powers to record the settlement, accept the agreed payment arrangement, and terminate the insolvency process. The section 9 admission order and consequential insolvency actions were set aside, and the proceeding was treated as withdrawn. The tribunal also preserved the operational creditor's right to seek revival of the proceedings if there is default under the settlement. Case-Laws Insolvency and Bankruptcy Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390492