https://www.taxtmi.com/caselaws?id=465868 Settlement between the financial creditor and the corporate debtor led to termination of the insolvency proceedings initiated under a Section 7 application; the settlement furnished on record produced the effect of closing the proceedings and the impugned order was set aside. The amount deposited in court registry is to be paid to the respondent party. The financial creditor is directed to reimburse the interim resolution professional for expenses incurred during the insolvency process, including publication costs. Appeal disposed accordingly. en-us Wed, 02 Apr 2025 00:00:00 +0530 Mon, 12 Jan 2026 22:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465868 Settlement between the financial creditor and the corporate debtor led to termination of the insolvency proceedings initiated under a Section 7 application; the settlement furnished on record produced the effect of closing the proceedings and the impugned order was set aside. The amount deposited in court registry is to be paid to the respondent party. The financial creditor is directed to reimburse the interim resolution professional for expenses incurred during the insolvency process, including publication costs. Appeal disposed accordingly. Case-Laws IBC Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465868