https://www.taxtmi.com/caselaws?id=424374 The Tribunal dismissed the application under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, as the One Time Settlement (OTS) proposed by the Respondent was approved by the Financial Creditor. The approval of the OTS indicated a potential resolution of outstanding liabilities within the specified timeframe, allowing the Interim Resolution Professional to take necessary steps if the OTS failed or was not honored by the Respondent. en-us Thu, 23 Jun 2022 00:00:00 +0530 Wed, 29 Jun 2022 09:34:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424374 The Tribunal dismissed the application under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, as the One Time Settlement (OTS) proposed by the Respondent was approved by the Financial Creditor. The approval of the OTS indicated a potential resolution of outstanding liabilities within the specified timeframe, allowing the Interim Resolution Professional to take necessary steps if the OTS failed or was not honored by the Respondent. Case-Laws Insolvency and Bankruptcy Thu, 23 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424374