https://www.taxtmi.com/caselaws?id=407357 The Tribunal allowed the withdrawal of the appeal against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to a settlement between the parties. The settlement led to an application for withdrawal under Section 12A of the IBC, highlighting a violation of the moratorium by the Corporate Debtor. The Tribunal emphasized the importance of facilitating settlements under the IBC and directed that the Committee of Creditors should not be constituted until the Adjudicating Authority decided on the relevant application. en-us Fri, 26 Mar 2021 00:00:00 +0530 Sat, 08 May 2021 08:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407357 The Tribunal allowed the withdrawal of the appeal against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to a settlement between the parties. The settlement led to an application for withdrawal under Section 12A of the IBC, highlighting a violation of the moratorium by the Corporate Debtor. The Tribunal emphasized the importance of facilitating settlements under the IBC and directed that the Committee of Creditors should not be constituted until the Adjudicating Authority decided on the relevant application. Case-Laws Insolvency and Bankruptcy Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407357