https://www.taxtmi.com/caselaws?id=398257 The National Company Law Appellate Tribunal allowed the appeal, quashed the Impugned Order, and permitted the withdrawal of the original Application by the Respondent No.1 following a settlement between the Operational Creditor and the Corporate Debtor. The actions taken by the IRP/RP were nullified, and the Corporate Debtor was released to operate independently. The IRP/RP was directed to provide CIRP costs and fees details for approval, with the Adjudicating Authority empowered to approve payments. Compliance was required within a specified timeframe to avoid a recall of the Tribunal's order, effectively resolving the matter. en-us Tue, 03 Mar 2020 00:00:00 +0530 Wed, 01 Dec 2021 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398257 The National Company Law Appellate Tribunal allowed the appeal, quashed the Impugned Order, and permitted the withdrawal of the original Application by the Respondent No.1 following a settlement between the Operational Creditor and the Corporate Debtor. The actions taken by the IRP/RP were nullified, and the Corporate Debtor was released to operate independently. The IRP/RP was directed to provide CIRP costs and fees details for approval, with the Adjudicating Authority empowered to approve payments. Compliance was required within a specified timeframe to avoid a recall of the Tribunal's order, effectively resolving the matter. Case-Laws Insolvency and Bankruptcy Tue, 03 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398257