https://www.taxtmi.com/caselaws?id=396630 The Appellate Tribunal dismissed the appeal challenging the admission of an application under section 7 of the Insolvency and Bankruptcy Code against a Real Estate Company, the Corporate Debtor. The appeal was based on a settlement claim between the Financial Creditor and the Corporate Debtor before the constitution of the Committee of Creditors. The Tribunal emphasized the importance of protecting the interests of all stakeholders and ensuring public interest is upheld, denying the argument for an exit from the Corporate Insolvency Resolution Process solely on the basis of the claimed settlement. en-us Fri, 22 May 2020 00:00:00 +0530 Tue, 14 Jul 2020 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396630 The Appellate Tribunal dismissed the appeal challenging the admission of an application under section 7 of the Insolvency and Bankruptcy Code against a Real Estate Company, the Corporate Debtor. The appeal was based on a settlement claim between the Financial Creditor and the Corporate Debtor before the constitution of the Committee of Creditors. The Tribunal emphasized the importance of protecting the interests of all stakeholders and ensuring public interest is upheld, denying the argument for an exit from the Corporate Insolvency Resolution Process solely on the basis of the claimed settlement. Case-Laws Insolvency and Bankruptcy Fri, 22 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396630