https://www.taxtmi.com/caselaws?id=295348 The Tribunal dismissed the operational creditor's application under section 9 of the IBC, finding it lacked merit. The creditor's acceptance of delayed payments without objection was deemed a waiver of strict adherence to the settlement agreement. The Tribunal highlighted that the forum is not for enforcing settlements, especially after accepting a substantial portion of the dues. The creditor was advised to pursue alternative legal remedies for any outstanding amounts. The application in C.P. (IB) No. 1499/KB/2019 was consequently dismissed, with no order as to costs. en-us Thu, 13 Feb 2020 00:00:00 +0530 Mon, 15 Nov 2021 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295348 The Tribunal dismissed the operational creditor's application under section 9 of the IBC, finding it lacked merit. The creditor's acceptance of delayed payments without objection was deemed a waiver of strict adherence to the settlement agreement. The Tribunal highlighted that the forum is not for enforcing settlements, especially after accepting a substantial portion of the dues. The creditor was advised to pursue alternative legal remedies for any outstanding amounts. The application in C.P. (IB) No. 1499/KB/2019 was consequently dismissed, with no order as to costs. Case-Laws Insolvency and Bankruptcy Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295348