https://www.taxtmi.com/caselaws?id=402751 The Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 was sought due to a default by the Corporate Debtor. After multiple adjournments, a settlement was reached between the parties. The Corporate Debtor agreed to pay a specified amount in installments, leading to the withdrawal of the petition by the Applicant. The Tribunal allowed the withdrawal with the option to file a new petition if the settlement terms were not met. The case was disposed of as withdrawn, contingent on the Respondent's compliance with the settlement terms. en-us Wed, 09 Sep 2020 00:00:00 +0530 Tue, 12 Jan 2021 13:31:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402751 The Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 was sought due to a default by the Corporate Debtor. After multiple adjournments, a settlement was reached between the parties. The Corporate Debtor agreed to pay a specified amount in installments, leading to the withdrawal of the petition by the Applicant. The Tribunal allowed the withdrawal with the option to file a new petition if the settlement terms were not met. The case was disposed of as withdrawn, contingent on the Respondent's compliance with the settlement terms. Case-Laws Insolvency and Bankruptcy Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402751