https://www.taxtmi.com/caselaws?id=440649 The Supreme Court affirmed the NCLAT findings on the debt owed by Corporate Debtor COPL. The appellant expressed willingness to pay the debt to the operational creditor, ending litigation without acknowledging the assignment to Sanjeev Chadha. With pending insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, the appeal was dismissed, allowing the appellant to approach NCLT to settle the debt. The IRP agreed not to form the Committee of Creditors for a week, and all pending applications were resolved during the proceedings. en-us Fri, 14 Jul 2023 00:00:00 +0530 Mon, 24 Jul 2023 10:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440649 The Supreme Court affirmed the NCLAT findings on the debt owed by Corporate Debtor COPL. The appellant expressed willingness to pay the debt to the operational creditor, ending litigation without acknowledging the assignment to Sanjeev Chadha. With pending insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, the appeal was dismissed, allowing the appellant to approach NCLT to settle the debt. The IRP agreed not to form the Committee of Creditors for a week, and all pending applications were resolved during the proceedings. Case-Laws Insolvency and Bankruptcy Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440649