https://www.taxtmi.com/caselaws?id=408806 The Tribunal allowed the application to reopen the insolvency application due to default in payment by the Corporate Debtor, emphasizing the importance of upholding compromise terms and preventing violations post the revision of the default threshold under the IBC. The decision aimed to maintain the spirit of the IBC and ensure adherence to settlement agreements, directing further proceedings in the matter. en-us Thu, 10 Jun 2021 00:00:00 +0530 Wed, 18 Aug 2021 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408806 The Tribunal allowed the application to reopen the insolvency application due to default in payment by the Corporate Debtor, emphasizing the importance of upholding compromise terms and preventing violations post the revision of the default threshold under the IBC. The decision aimed to maintain the spirit of the IBC and ensure adherence to settlement agreements, directing further proceedings in the matter. Case-Laws Insolvency and Bankruptcy Thu, 10 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408806