https://www.taxtmi.com/caselaws?id=424904 The tribunal dismissed the petition for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. It found that the parties had settled the outstanding amount at the principal sum, waiving the interest. The tribunal considered WhatsApp communications as evidence of the settlement agreement and concluded that the Operational Creditor's denial of the settlement was baseless. The tribunal criticized the Operational Creditor's conduct as questionable and ordered the issuance of certified copies of the order to all parties involved. en-us Wed, 29 Jun 2022 00:00:00 +0530 Tue, 12 Jul 2022 09:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424904 The tribunal dismissed the petition for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. It found that the parties had settled the outstanding amount at the principal sum, waiving the interest. The tribunal considered WhatsApp communications as evidence of the settlement agreement and concluded that the Operational Creditor's denial of the settlement was baseless. The tribunal criticized the Operational Creditor's conduct as questionable and ordered the issuance of certified copies of the order to all parties involved. Case-Laws Insolvency and Bankruptcy Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424904