https://www.taxtmi.com/caselaws?id=410013 The Tribunal found that the Corporate Debtor breached payment terms in the Settlement Agreement, leading to defaults in repayment obligations. The Financial Creditor was allowed to revive the Corporate Insolvency Resolution Process (CIRP) due to these defaults. The Tribunal admitted the petition, declared a moratorium, and appointed an Interim Resolution Professional (IRP) to manage the CIRP proceedings until completion or approval of a resolution plan. en-us Thu, 08 Jul 2021 00:00:00 +0530 Thu, 22 Jul 2021 08:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410013 The Tribunal found that the Corporate Debtor breached payment terms in the Settlement Agreement, leading to defaults in repayment obligations. The Financial Creditor was allowed to revive the Corporate Insolvency Resolution Process (CIRP) due to these defaults. The Tribunal admitted the petition, declared a moratorium, and appointed an Interim Resolution Professional (IRP) to manage the CIRP proceedings until completion or approval of a resolution plan. Case-Laws Companies Law Thu, 08 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410013