https://www.taxtmi.com/caselaws?id=394172 The Appellate Tribunal set aside the Adjudicating Authority's order and withdrew the application under section 7 of the Insolvency and Bankruptcy Code, 2016. The appellant, a financial creditor, settled with the corporate debtor by paying the claim amount in instalments. Both parties confirmed payment, but the Interim Resolution Professional did not appear. The corporate debtor was released from insolvency proceedings, assets were to be returned, and costs determined. The judgment highlights the need for timely payments and adherence to legal procedures in corporate insolvency cases. en-us Wed, 18 Dec 2019 00:00:00 +0530 Thu, 02 Apr 2020 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394172 The Appellate Tribunal set aside the Adjudicating Authority's order and withdrew the application under section 7 of the Insolvency and Bankruptcy Code, 2016. The appellant, a financial creditor, settled with the corporate debtor by paying the claim amount in instalments. Both parties confirmed payment, but the Interim Resolution Professional did not appear. The corporate debtor was released from insolvency proceedings, assets were to be returned, and costs determined. The judgment highlights the need for timely payments and adherence to legal procedures in corporate insolvency cases. Case-Laws Insolvency and Bankruptcy Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394172