https://www.taxtmi.com/caselaws?id=766515 Where settlement terms for withdrawal of the CIRP under Section 12A had not been mutually concluded, the NCLAT held that the Tribunal could not rewrite or vary the proposed terms. The appellant had already received repeated extensions to pursue withdrawal, and the last order had made clear that no further extension would be entertained. On that factual and procedural basis, the request for additional time was found unjustified, and the application for extension was rejected. en-us Tue, 25 Feb 2025 00:00:00 +0530 Thu, 27 Feb 2025 08:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766515 Where settlement terms for withdrawal of the CIRP under Section 12A had not been mutually concluded, the NCLAT held that the Tribunal could not rewrite or vary the proposed terms. The appellant had already received repeated extensions to pursue withdrawal, and the last order had made clear that no further extension would be entertained. On that factual and procedural basis, the request for additional time was found unjustified, and the application for extension was rejected. Case-Laws IBC Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766515