https://www.taxtmi.com/caselaws?id=420985 The Tribunal upheld the revival of the application CP(IB) No. 315/ND/2021 under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding no error in the Adjudicating Authority's decision. The request for modification of the order to grant liberty to revive the petition in case of a settlement was justified by the actual settlement in the earlier matter. The Tribunal dismissed the appeal, affirming the Adjudicating Authority's decision to revive the application due to the settlement removing any obstacle for initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. en-us Mon, 21 Mar 2022 00:00:00 +0530 Fri, 15 Apr 2022 08:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420985 The Tribunal upheld the revival of the application CP(IB) No. 315/ND/2021 under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding no error in the Adjudicating Authority's decision. The request for modification of the order to grant liberty to revive the petition in case of a settlement was justified by the actual settlement in the earlier matter. The Tribunal dismissed the appeal, affirming the Adjudicating Authority's decision to revive the application due to the settlement removing any obstacle for initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420985