https://www.taxtmi.com/caselaws?id=450353 The NCLAT Principal Bench allowed a financial creditor's application to revive a company appeal after the corporate debtor's settlement cheques were dishonoured. The Tribunal found that the corporate debtor failed to honour the settlement agreement that led to closure of the Section 7 application and was deliberately delaying proceedings on untenable grounds. The NCLAT exercised liberty granted in its earlier order dated 11.02.2020 to revive the appeal, concluding the corporate debtor's conduct demonstrated intent to delay rather than genuinely resolve the matter. en-us Fri, 01 Mar 2024 00:00:00 +0530 Mon, 04 Mar 2024 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450353 The NCLAT Principal Bench allowed a financial creditor's application to revive a company appeal after the corporate debtor's settlement cheques were dishonoured. The Tribunal found that the corporate debtor failed to honour the settlement agreement that led to closure of the Section 7 application and was deliberately delaying proceedings on untenable grounds. The NCLAT exercised liberty granted in its earlier order dated 11.02.2020 to revive the appeal, concluding the corporate debtor's conduct demonstrated intent to delay rather than genuinely resolve the matter. Case-Laws Insolvency and Bankruptcy Fri, 01 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450353