https://www.taxtmi.com/caselaws?id=394409 The application under section 9 of the Insolvency and Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process against the Corporate Debtor was withdrawn due to a settlement reached between the Operational Creditor and the Corporate Debtor. The settlement agreement required the Corporate Debtor to pay Rs. 2,00,00,000/- within 30 days and Rs. 50,00,000/- monthly thereafter. Post-dated cheques were issued as per the agreed payment schedule. The Tribunal disposed of the application as withdrawn, with no order as to costs, resolving the outstanding debt issue and closing the insolvency proceedings. en-us Wed, 11 Dec 2019 00:00:00 +0530 Sat, 11 Apr 2020 10:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394409 The application under section 9 of the Insolvency and Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process against the Corporate Debtor was withdrawn due to a settlement reached between the Operational Creditor and the Corporate Debtor. The settlement agreement required the Corporate Debtor to pay Rs. 2,00,00,000/- within 30 days and Rs. 50,00,000/- monthly thereafter. Post-dated cheques were issued as per the agreed payment schedule. The Tribunal disposed of the application as withdrawn, with no order as to costs, resolving the outstanding debt issue and closing the insolvency proceedings. Case-Laws Companies Law Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394409