https://www.taxtmi.com/caselaws?id=302125 The Adjudicating Authority rejected the parties' Joint Application for settlement approval despite an existing agreement, prompting questions on discretion in insolvency proceedings. The IRP's imposition of a 31 Lakhs cost before filing raised concerns. An Impleadment Application by Home Buyers was granted, expanding stakeholder involvement. The Tribunal halted insolvency proceedings temporarily to address settlement, rejection, cost, and Home Buyers' impleadment issues. en-us Tue, 07 Dec 2021 00:00:00 +0530 Thu, 05 May 2022 20:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302125 The Adjudicating Authority rejected the parties' Joint Application for settlement approval despite an existing agreement, prompting questions on discretion in insolvency proceedings. The IRP's imposition of a 31 Lakhs cost before filing raised concerns. An Impleadment Application by Home Buyers was granted, expanding stakeholder involvement. The Tribunal halted insolvency proceedings temporarily to address settlement, rejection, cost, and Home Buyers' impleadment issues. Case-Laws Insolvency and Bankruptcy Tue, 07 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302125