https://www.taxtmi.com/caselaws?id=399940 The Appellate Tribunal set aside the Impugned Order, quashed the initiation of Corporate Insolvency Resolution Process (CIRP), and released the Corporate Debtor from CIRP. The matter was remitted to the Adjudicating Authority to decide the fee and cost of CIRP payable to the Interim Resolution Professional/Resolution Professional by the Operational Creditor. The Tribunal emphasized that the existence of a pre-existing dispute should have been considered before initiating CIRP and reiterated the beneficial nature of the Insolvency and Bankruptcy Code. en-us Mon, 19 Oct 2020 00:00:00 +0530 Fri, 23 Oct 2020 15:02:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399940 The Appellate Tribunal set aside the Impugned Order, quashed the initiation of Corporate Insolvency Resolution Process (CIRP), and released the Corporate Debtor from CIRP. The matter was remitted to the Adjudicating Authority to decide the fee and cost of CIRP payable to the Interim Resolution Professional/Resolution Professional by the Operational Creditor. The Tribunal emphasized that the existence of a pre-existing dispute should have been considered before initiating CIRP and reiterated the beneficial nature of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Mon, 19 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399940