https://www.taxtmi.com/caselaws?id=298639 The appeal challenging the admission of an application under section 9 of the Insolvency and Bankruptcy Code, 2016, focused on the qualification of the respondent as an operational creditor. The settlement terms between the parties, with respondent No. 1 as the sole member of the committee of creditors, were acknowledged. The Tribunal allowed the parties to present the settlement terms to the interim resolution professional for CoC consideration, directing them to do so within two weeks. Subsequently, with the CoC scheduled to review the terms, the appeal was disposed of, granting the appellant the option to return if the settlement was not approved. en-us Thu, 11 Feb 2021 00:00:00 +0530 Sat, 13 Nov 2021 20:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298639 The appeal challenging the admission of an application under section 9 of the Insolvency and Bankruptcy Code, 2016, focused on the qualification of the respondent as an operational creditor. The settlement terms between the parties, with respondent No. 1 as the sole member of the committee of creditors, were acknowledged. The Tribunal allowed the parties to present the settlement terms to the interim resolution professional for CoC consideration, directing them to do so within two weeks. Subsequently, with the CoC scheduled to review the terms, the appeal was disposed of, granting the appellant the option to return if the settlement was not approved. Case-Laws Insolvency and Bankruptcy Thu, 11 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298639