https://www.taxtmi.com/caselaws?id=427277 The Appellate Tribunal upheld the Adjudicating Authority's decision to admit Section 7 Applications and initiate Corporate Insolvency Resolution Process against the Corporate Debtors. The Tribunal dismissed appeals regarding the rejection of the One Time Settlement proposal and the High Court's status quo order, emphasizing the Corporate Debtors' failure to comply with OTS terms and the absence of a direct restraint on NCLT proceedings in the High Court's order. en-us Fri, 02 Sep 2022 00:00:00 +0530 Sat, 03 Sep 2022 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427277 The Appellate Tribunal upheld the Adjudicating Authority's decision to admit Section 7 Applications and initiate Corporate Insolvency Resolution Process against the Corporate Debtors. The Tribunal dismissed appeals regarding the rejection of the One Time Settlement proposal and the High Court's status quo order, emphasizing the Corporate Debtors' failure to comply with OTS terms and the absence of a direct restraint on NCLT proceedings in the High Court's order. Case-Laws Insolvency and Bankruptcy Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427277