https://www.taxtmi.com/caselaws?id=312674 The NCLAT set aside the impugned order dated 27th May 2020, allowing the Corporate Debtor's exit from the corporate insolvency resolution process following a settlement agreement. The Tribunal fixed the Resolution Professional's fee at Rupees Seven Lakhs, shared equally by both parties. The appeal was disposed of without costs, with provisions for revival of proceedings upon default in the settlement agreement. The Respondent Company was released to function independently through its Board of Directors. en-us Tue, 14 Jul 2020 00:00:00 +0530 Fri, 01 Mar 2024 18:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312674 The NCLAT set aside the impugned order dated 27th May 2020, allowing the Corporate Debtor's exit from the corporate insolvency resolution process following a settlement agreement. The Tribunal fixed the Resolution Professional's fee at Rupees Seven Lakhs, shared equally by both parties. The appeal was disposed of without costs, with provisions for revival of proceedings upon default in the settlement agreement. The Respondent Company was released to function independently through its Board of Directors. Case-Laws Insolvency and Bankruptcy Tue, 14 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312674