https://www.taxtmi.com/caselaws?id=392631 The Appellate Tribunal allowed the appeal and set aside the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The parties had settled the claim, and the Corporate Debtor was released from the Corporate Insolvency Resolution Process. The Appellant was directed to pay the remaining sum of Rs. 1.00 lakh to the Interim Resolution Professional within 15 days. Failure to comply could result in the revival of the insolvency proceedings. The Interim Resolution Professional was instructed to hand over all records and assets of the Corporate Debtor promptly. en-us Tue, 10 Dec 2019 00:00:00 +0530 Tue, 25 Feb 2020 06:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392631 The Appellate Tribunal allowed the appeal and set aside the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The parties had settled the claim, and the Corporate Debtor was released from the Corporate Insolvency Resolution Process. The Appellant was directed to pay the remaining sum of Rs. 1.00 lakh to the Interim Resolution Professional within 15 days. Failure to comply could result in the revival of the insolvency proceedings. The Interim Resolution Professional was instructed to hand over all records and assets of the Corporate Debtor promptly. Case-Laws Insolvency and Bankruptcy Tue, 10 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392631