https://www.taxtmi.com/caselaws?id=297581 The Financial Creditor filed a petition under Section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor for defaulting on a term loan. After various settlement attempts, the Corporate Debtor offered to settle the outstanding dues for Rs. 12.50 Crores, which was accepted by the Financial Creditor. The Corporate Debtor complied with the settlement terms, leading to the withdrawal of the insolvency application. The Tribunal disposed of the matter as withdrawn without passing any order as to costs, concluding the case in January 2020. en-us Mon, 06 Jan 2020 00:00:00 +0530 Fri, 10 Sep 2021 21:01:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297581 The Financial Creditor filed a petition under Section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor for defaulting on a term loan. After various settlement attempts, the Corporate Debtor offered to settle the outstanding dues for Rs. 12.50 Crores, which was accepted by the Financial Creditor. The Corporate Debtor complied with the settlement terms, leading to the withdrawal of the insolvency application. The Tribunal disposed of the matter as withdrawn without passing any order as to costs, concluding the case in January 2020. Case-Laws Insolvency and Bankruptcy Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297581