https://www.taxtmi.com/caselaws?id=397556 The Appellate Tribunal allowed the appeal filed by the Resolution Professional, setting aside the order permitting the set off amount. They directed the Respondents to pay the set off amount to Aircel Entities. The decision was based on the overriding effect of IBC provisions, emphasizing that Accounting Conventions cannot prevail over specific laws like IBC. Any interim orders issued were vacated, and no costs were awarded. en-us Thu, 13 Aug 2020 00:00:00 +0530 Sat, 22 Aug 2020 11:25:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397556 The Appellate Tribunal allowed the appeal filed by the Resolution Professional, setting aside the order permitting the set off amount. They directed the Respondents to pay the set off amount to Aircel Entities. The decision was based on the overriding effect of IBC provisions, emphasizing that Accounting Conventions cannot prevail over specific laws like IBC. Any interim orders issued were vacated, and no costs were awarded. Case-Laws Insolvency and Bankruptcy Thu, 13 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397556