https://www.taxtmi.com/article/detailed?id=8905 Mediation was used to reach a negotiated settlement during corporate insolvency proceedings; the appellate authority stayed constitution of the Committee of Creditors, directed the interim resolution professional to preserve the corporate debtor as a going concern, and treated the mediator's recorded settlement terms as its directions. The settlement required post-dated cheques, personal guarantees, undertakings on contempt for breach, allocation of interim costs subject to a limit, and restricted alienation or encumbrance of assets; noncompliance permits revival of the corporate insolvency resolution process. en-us Tue, 14 Jan 2020 08:31:44 +0530 Tue, 14 Jan 2020 08:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8905 Mediation was used to reach a negotiated settlement during corporate insolvency proceedings; the appellate authority stayed constitution of the Committee of Creditors, directed the interim resolution professional to preserve the corporate debtor as a going concern, and treated the mediator's recorded settlement terms as its directions. The settlement required post-dated cheques, personal guarantees, undertakings on contempt for breach, allocation of interim costs subject to a limit, and restricted alienation or encumbrance of assets; noncompliance permits revival of the corporate insolvency resolution process. Articles Corporate Laws / IBC / SEBI Tue, 14 Jan 2020 08:31:44 +0530 https://www.taxtmi.com/article/detailed?id=8905