https://www.taxtmi.com/caselaws?id=307922 The appeal challenging the restoration of a Company Petition was dismissed due to the initiation of Corporate Insolvency Resolution Process (CIRP) by another Creditor against the same Corporate Debtor. The Terms of Settlement, once incorporated into the court order, allowed for the revival of CIRP in case of non-compliance, granting the Financial Creditor the liberty to report any default. The ongoing CIRP proceedings by the Operational Creditor made the appeal irrelevant, resulting in its dismissal. en-us Thu, 07 Jan 2021 00:00:00 +0530 Wed, 17 May 2023 08:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307922 The appeal challenging the restoration of a Company Petition was dismissed due to the initiation of Corporate Insolvency Resolution Process (CIRP) by another Creditor against the same Corporate Debtor. The Terms of Settlement, once incorporated into the court order, allowed for the revival of CIRP in case of non-compliance, granting the Financial Creditor the liberty to report any default. The ongoing CIRP proceedings by the Operational Creditor made the appeal irrelevant, resulting in its dismissal. Case-Laws Insolvency and Bankruptcy Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307922