https://www.taxtmi.com/caselaws?id=396219 The Appellate Tribunal set aside the order admitting the application under section 7 of the Insolvency and Bankruptcy Code, 2016, as parties reached a settlement before the creditors' committee was constituted. The appellant agreed to pay the interim resolution professional's fee and costs, leading to the release of the corporate debtor from legal proceedings. The corporate debtor was permitted to resume operations independently. The interim resolution professional was directed to transfer records and premises upon receiving the fees. No costs were imposed on any party. en-us Wed, 16 Oct 2019 00:00:00 +0530 Thu, 25 Jun 2020 18:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396219 The Appellate Tribunal set aside the order admitting the application under section 7 of the Insolvency and Bankruptcy Code, 2016, as parties reached a settlement before the creditors' committee was constituted. The appellant agreed to pay the interim resolution professional's fee and costs, leading to the release of the corporate debtor from legal proceedings. The corporate debtor was permitted to resume operations independently. The interim resolution professional was directed to transfer records and premises upon receiving the fees. No costs were imposed on any party. Case-Laws Insolvency and Bankruptcy Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396219