https://www.taxtmi.com/caselaws?id=756967 The Supreme Court recorded consent terms under Article 142 and directed that the liquidation order and the order commencing the corporate insolvency resolution process stood withdrawn or recalled, resulting in revival of the corporate debtor. It also clarified that the objecting operational creditor's claim was not finally decided and that the creditor could pursue remedies in accordance with law, including proceedings under the Insolvency and Bankruptcy Code after notice. The pending avoidance application was likewise left undecided. The matter was disposed of on the basis of the settlement, while preserving unresolved third-party disputes for independent adjudication. en-us Thu, 11 Jul 2024 00:00:00 +0530 Mon, 12 Aug 2024 14:44:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756967 The Supreme Court recorded consent terms under Article 142 and directed that the liquidation order and the order commencing the corporate insolvency resolution process stood withdrawn or recalled, resulting in revival of the corporate debtor. It also clarified that the objecting operational creditor's claim was not finally decided and that the creditor could pursue remedies in accordance with law, including proceedings under the Insolvency and Bankruptcy Code after notice. The pending avoidance application was likewise left undecided. The matter was disposed of on the basis of the settlement, while preserving unresolved third-party disputes for independent adjudication. Case-Laws Insolvency and Bankruptcy Thu, 11 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756967