https://www.taxtmi.com/highlights?id=64628 Seeking withdrawal of the CIRP proceedings - in the Terms of Settlement dated 21.04.2022, in Clause 12, it was mentioned that because of the Settlement, the Appellant/Petitioner wished to conditionally withdraw the Section 7 Petition filed against the Corporate Debtor, subject to the Corporate Debtor, Corporate Debtor Group and Confirming Parties (as defined in the Terms of Settlement) unconditionally complying with all covenants contained in the Terms of Settlement. - Order of NCLT modified - AT en-us Fri, 15 Jul 2022 09:13:06 +0530 Fri, 15 Jul 2022 09:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64628 Seeking withdrawal of the CIRP proceedings - in the Terms of Settlement dated 21.04.2022, in Clause 12, it was mentioned that because of the Settlement, the Appellant/Petitioner wished to conditionally withdraw the Section 7 Petition filed against the Corporate Debtor, subject to the Corporate Debtor, Corporate Debtor Group and Confirming Parties (as defined in the Terms of Settlement) unconditionally complying with all covenants contained in the Terms of Settlement. - Order of NCLT modified - AT Highlights Insolvency and Bankruptcy Fri, 15 Jul 2022 09:13:06 +0530 https://www.taxtmi.com/highlights?id=64628