https://www.taxtmi.com/caselaws?id=290149 The Tribunal accepted the settlement reached between the parties, allowing the Respondent to withdraw the Section 9 application under the Insolvency and Bankruptcy Code. The Appellant's appeal on the grounds of limitation for the application was addressed through the settlement process, leading to the release of the Corporate Debtor from the Corporate Insolvency Resolution Process. The Tribunal directed compliance with settlement terms, including payment obligations, warning of contempt proceedings for non-compliance and the potential for re-initiating insolvency proceedings. The impugned order was set aside, concluding the matter without costs. en-us Fri, 07 Feb 2020 00:00:00 +0530 Thu, 10 Sep 2020 21:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290149 The Tribunal accepted the settlement reached between the parties, allowing the Respondent to withdraw the Section 9 application under the Insolvency and Bankruptcy Code. The Appellant's appeal on the grounds of limitation for the application was addressed through the settlement process, leading to the release of the Corporate Debtor from the Corporate Insolvency Resolution Process. The Tribunal directed compliance with settlement terms, including payment obligations, warning of contempt proceedings for non-compliance and the potential for re-initiating insolvency proceedings. The impugned order was set aside, concluding the matter without costs. Case-Laws Insolvency and Bankruptcy Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290149