https://www.taxtmi.com/highlights?id=71039 Validity of admission of application for initiation of CIRP - Prayer for intervention in the Appeal - One Time Settlement (OTS) proposal submitted by the Corporate Debtor before the UCO Bank - The impugned order admitting Section 7 Application was an order, which cannot be faulted in law - In event of a settlement accepted by the Bank, the Bank is permitted to file an application through IRP to close the CIRP. - AT en-us Sat, 22 Jul 2023 21:57:37 +0530 Sat, 22 Jul 2023 21:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71039 Validity of admission of application for initiation of CIRP - Prayer for intervention in the Appeal - One Time Settlement (OTS) proposal submitted by the Corporate Debtor before the UCO Bank - The impugned order admitting Section 7 Application was an order, which cannot be faulted in law - In event of a settlement accepted by the Bank, the Bank is permitted to file an application through IRP to close the CIRP. - AT Highlights Insolvency and Bankruptcy Sat, 22 Jul 2023 21:57:37 +0530 https://www.taxtmi.com/highlights?id=71039