https://www.taxtmi.com/caselaws?id=445637 Settlement and full payment of the operational creditor's dues rendered continuation of the corporate insolvency resolution process unnecessary. The parties recorded that the settlement amount had been finalised and paid, and the operational creditor confirmed receipt of the entire payment. On that basis, the NCLAT set aside the order admitting the section 9 application and closed the corporate insolvency resolution process. The order also directed that the amount of Rs. 2 lakh payable to the interim resolution professional towards fee and expenses be made by the operational creditor within the stipulated time. en-us Fri, 10 Nov 2023 00:00:00 +0530 Sat, 11 Nov 2023 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445637 Settlement and full payment of the operational creditor's dues rendered continuation of the corporate insolvency resolution process unnecessary. The parties recorded that the settlement amount had been finalised and paid, and the operational creditor confirmed receipt of the entire payment. On that basis, the NCLAT set aside the order admitting the section 9 application and closed the corporate insolvency resolution process. The order also directed that the amount of Rs. 2 lakh payable to the interim resolution professional towards fee and expenses be made by the operational creditor within the stipulated time. Case-Laws Insolvency and Bankruptcy Fri, 10 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445637