https://www.taxtmi.com/caselaws?id=775143 A settlement in insolvency proceedings cannot, by itself, divest the corporate debtor of an asset or exclude it from the CIRP unless it is embedded in the resolution framework and approved in accordance with law. The commercial complex 'i-Ring' was found to remain part of the corporate debtor's asset pool because the prior agreement, information memorandum and settlement terms all treated it as such, with allotment contemplated only on payment of consideration. Approval by the committee of creditors did not change the asset's character, and the exclusion challenge failed. en-us Thu, 17 Jul 2025 00:00:00 +0530 Mon, 21 Jul 2025 08:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775143 A settlement in insolvency proceedings cannot, by itself, divest the corporate debtor of an asset or exclude it from the CIRP unless it is embedded in the resolution framework and approved in accordance with law. The commercial complex 'i-Ring' was found to remain part of the corporate debtor's asset pool because the prior agreement, information memorandum and settlement terms all treated it as such, with allotment contemplated only on payment of consideration. Approval by the committee of creditors did not change the asset's character, and the exclusion challenge failed. Case-Laws IBC Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775143