https://www.taxtmi.com/caselaws?id=297252 The appeal was allowed, setting aside the order admitting the insolvency application under Section 7 of the Insolvency and Bankruptcy Code. The application was withdrawn with the liberty to revive the Corporate Insolvency Resolution Process in case of non-compliance with the settlement terms. The Corporate Debtor was released from insolvency proceedings, permitted to operate independently, and the Adjudicating Authority was directed to determine fees and costs for the Resolution Professional and Interim Resolution Professional. The appeal concluded without costs. en-us Tue, 04 Jun 2019 00:00:00 +0530 Wed, 25 Aug 2021 09:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297252 The appeal was allowed, setting aside the order admitting the insolvency application under Section 7 of the Insolvency and Bankruptcy Code. The application was withdrawn with the liberty to revive the Corporate Insolvency Resolution Process in case of non-compliance with the settlement terms. The Corporate Debtor was released from insolvency proceedings, permitted to operate independently, and the Adjudicating Authority was directed to determine fees and costs for the Resolution Professional and Interim Resolution Professional. The appeal concluded without costs. Case-Laws Insolvency and Bankruptcy Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297252