https://www.taxtmi.com/caselaws?id=419952 The Tribunal approved the withdrawal of the insolvency petition under Section 9 of the Insolvency and Bankruptcy Code. The Committee of Creditors, with 100% voting rights, accepted the settlement terms proposed by the suspended directors of the Corporate Debtor, leading to the approval of withdrawal. The Corporate Debtor, engaged in solar power projects, was relieved from insolvency proceedings, and the IRP was discharged from responsibilities, allowing the Company to resume operations under the Board of Directors' management. en-us Fri, 11 Mar 2022 00:00:00 +0530 Thu, 24 Mar 2022 09:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419952 The Tribunal approved the withdrawal of the insolvency petition under Section 9 of the Insolvency and Bankruptcy Code. The Committee of Creditors, with 100% voting rights, accepted the settlement terms proposed by the suspended directors of the Corporate Debtor, leading to the approval of withdrawal. The Corporate Debtor, engaged in solar power projects, was relieved from insolvency proceedings, and the IRP was discharged from responsibilities, allowing the Company to resume operations under the Board of Directors' management. Case-Laws Insolvency and Bankruptcy Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419952