https://www.taxtmi.com/caselaws?id=398674 The Tribunal rejected an application seeking a stay on constituting the Committee of Creditors and closing the insolvency resolution process, in line with the NCLAT's direction. Subsequent applications were closed as they contradicted the initial decision. Emphasizing judicial discipline, the Tribunal aligned with higher appellate authorities' orders and emphasized compliance with the IB Code, 2016. The judgment highlighted the case's background, including appeals and settlement attempts, underscoring the importance of following directives in insolvency resolution processes. en-us Tue, 18 Feb 2020 00:00:00 +0530 Tue, 22 Sep 2020 09:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398674 The Tribunal rejected an application seeking a stay on constituting the Committee of Creditors and closing the insolvency resolution process, in line with the NCLAT's direction. Subsequent applications were closed as they contradicted the initial decision. Emphasizing judicial discipline, the Tribunal aligned with higher appellate authorities' orders and emphasized compliance with the IB Code, 2016. The judgment highlighted the case's background, including appeals and settlement attempts, underscoring the importance of following directives in insolvency resolution processes. Case-Laws Insolvency and Bankruptcy Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398674