https://www.taxtmi.com/caselaws?id=297232 The tribunal concluded that initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor was not justified at present. It directed parties to explore settlement possibilities due to the impact of the COVID-19 pandemic on the economy. The petitioners were given liberty to take legal action if settlement efforts failed, and both parties were instructed to cooperate in settlement endeavors. en-us Tue, 23 Jun 2020 00:00:00 +0530 Sat, 20 Nov 2021 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297232 The tribunal concluded that initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor was not justified at present. It directed parties to explore settlement possibilities due to the impact of the COVID-19 pandemic on the economy. The petitioners were given liberty to take legal action if settlement efforts failed, and both parties were instructed to cooperate in settlement endeavors. Case-Laws Insolvency and Bankruptcy Tue, 23 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297232