https://www.taxtmi.com/caselaws?id=440753 The Appellate Tribunal allowed the appeal, setting aside the order admitting the Corporate Insolvency Resolution Process. The Tribunal emphasized the legislative intent of the Insolvency and Bankruptcy Code for debt resolution rather than mere recovery. The decision was based on the erroneous pursuit of interest recovery after the principal amount was settled, supported by relevant case laws and judgments. en-us Fri, 03 Feb 2023 00:00:00 +0530 Wed, 26 Jul 2023 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440753 The Appellate Tribunal allowed the appeal, setting aside the order admitting the Corporate Insolvency Resolution Process. The Tribunal emphasized the legislative intent of the Insolvency and Bankruptcy Code for debt resolution rather than mere recovery. The decision was based on the erroneous pursuit of interest recovery after the principal amount was settled, supported by relevant case laws and judgments. Case-Laws Insolvency and Bankruptcy Fri, 03 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440753