https://www.taxtmi.com/caselaws?id=758464 The NCLAT disposed of the appeal against the order admitting an application under Section 7 of the IBC, 2016, following a settlement between the parties. The impugned order was set aside, and the CIRP against the Corporate Debtor was dropped. The consent terms required payment of Rs. 1,93,50,000/- to the Financial Creditor and the release of an FDR. The IRP's fee claim was contested, and the IRP was permitted to file an application for fee-related concerns. The Registrar was instructed to release the FDR within two weeks. en-us Thu, 12 Sep 2024 00:00:00 +0530 Fri, 13 Sep 2024 15:41:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758464 The NCLAT disposed of the appeal against the order admitting an application under Section 7 of the IBC, 2016, following a settlement between the parties. The impugned order was set aside, and the CIRP against the Corporate Debtor was dropped. The consent terms required payment of Rs. 1,93,50,000/- to the Financial Creditor and the release of an FDR. The IRP's fee claim was contested, and the IRP was permitted to file an application for fee-related concerns. The Registrar was instructed to release the FDR within two weeks. Case-Laws IBC Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758464