https://www.taxtmi.com/caselaws?id=391229 The National Company Law Tribunal admitted applications under Section 9 of the Insolvency and Bankruptcy Code, 2016 against a corporate debtor, leading to challenges in Company Appeal (AT) (Insolvency) Nos. 909 and 929 of 2019. Settlement agreements were reached in both cases, involving payment terms and confirmation of claim settlement. The fees of the Interim Resolution Professional were received satisfactorily. The impugned orders were set aside, petitions were disposed of, and the Interim Resolution Professional was directed to hand over assets to the Board of Directors, allowing the appellant company to operate independently and be released from legal proceedings. en-us Thu, 05 Dec 2019 00:00:00 +0530 Thu, 23 Jan 2020 08:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391229 The National Company Law Tribunal admitted applications under Section 9 of the Insolvency and Bankruptcy Code, 2016 against a corporate debtor, leading to challenges in Company Appeal (AT) (Insolvency) Nos. 909 and 929 of 2019. Settlement agreements were reached in both cases, involving payment terms and confirmation of claim settlement. The fees of the Interim Resolution Professional were received satisfactorily. The impugned orders were set aside, petitions were disposed of, and the Interim Resolution Professional was directed to hand over assets to the Board of Directors, allowing the appellant company to operate independently and be released from legal proceedings. Case-Laws Insolvency and Bankruptcy Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391229