https://www.taxtmi.com/caselaws?id=291561 The Tribunal allowed the application for withdrawal of the insolvency application under Section 7 of the Insolvency & Bankruptcy Code, 2016. This decision was based on the settlement reached between the Promoter, Director & Shareholder of the Corporate Debtor and the Financial Creditor, where the agreed amount was paid, and both parties expressed their intention to withdraw the petition. The Tribunal, considering the settlement and mutual agreement for withdrawal, ordered the withdrawal of the application, bringing the matter to a close. en-us Wed, 03 Apr 2019 00:00:00 +0530 Tue, 17 Nov 2020 17:05:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291561 The Tribunal allowed the application for withdrawal of the insolvency application under Section 7 of the Insolvency & Bankruptcy Code, 2016. This decision was based on the settlement reached between the Promoter, Director & Shareholder of the Corporate Debtor and the Financial Creditor, where the agreed amount was paid, and both parties expressed their intention to withdraw the petition. The Tribunal, considering the settlement and mutual agreement for withdrawal, ordered the withdrawal of the application, bringing the matter to a close. Case-Laws Insolvency and Bankruptcy Wed, 03 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291561