https://www.taxtmi.com/caselaws?id=392886 The Appellate Tribunal allowed the appeal, releasing the Corporate Debtor from the Corporate Insolvency Resolution Process. The Tribunal found that the debt had been paid before the initiation of the process, determining no default. The Financial Creditor was directed to pay the CIRP costs, and management control was returned to the Corporate Debtor for independent operation through its Board of Directors. en-us Wed, 11 Dec 2019 00:00:00 +0530 Mon, 02 Mar 2020 11:48:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392886 The Appellate Tribunal allowed the appeal, releasing the Corporate Debtor from the Corporate Insolvency Resolution Process. The Tribunal found that the debt had been paid before the initiation of the process, determining no default. The Financial Creditor was directed to pay the CIRP costs, and management control was returned to the Corporate Debtor for independent operation through its Board of Directors. Case-Laws Insolvency and Bankruptcy Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392886