https://www.taxtmi.com/caselaws?id=403595 The Operational Creditor initiated Corporate Insolvency Resolution Process under Section 9 of IBC against the Corporate Debtor for non-payment of dues. Subsequently, a Settlement Agreement was reached, with the Corporate Debtor agreeing to pay the outstanding amount in installments. The Operational Creditor waived off the interest claim and withdrew the insolvency application. The Tribunal disposed of the matter as withdrawn, emphasizing adherence to the settlement terms and allowing legal remedies in case of default by the Corporate Debtor. en-us Thu, 21 Jan 2021 00:00:00 +0530 Wed, 03 Feb 2021 07:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403595 The Operational Creditor initiated Corporate Insolvency Resolution Process under Section 9 of IBC against the Corporate Debtor for non-payment of dues. Subsequently, a Settlement Agreement was reached, with the Corporate Debtor agreeing to pay the outstanding amount in installments. The Operational Creditor waived off the interest claim and withdrew the insolvency application. The Tribunal disposed of the matter as withdrawn, emphasizing adherence to the settlement terms and allowing legal remedies in case of default by the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Thu, 21 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403595