https://www.taxtmi.com/caselaws?id=406286 The Appellate Tribunal dismissed the appeal and upheld the Adjudicating Authority's decision to restore and revive the insolvency application. It found the application maintainable, the directors competent to file it, and the Authority had the power to review its orders under Rule 11 of the NCLT Rules, 2016. The Corporate Debtor's non-compliance with the settlement agreement justified the revival of the original application. en-us Fri, 09 Apr 2021 00:00:00 +0530 Fri, 09 Apr 2021 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406286 The Appellate Tribunal dismissed the appeal and upheld the Adjudicating Authority's decision to restore and revive the insolvency application. It found the application maintainable, the directors competent to file it, and the Authority had the power to review its orders under Rule 11 of the NCLT Rules, 2016. The Corporate Debtor's non-compliance with the settlement agreement justified the revival of the original application. Case-Laws Insolvency and Bankruptcy Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406286