https://www.taxtmi.com/caselaws?id=785833 One Time Settlement (OTS) default due to unpaid instalments terminated the suspension of enforcement and permitted creditor proceedings to continue; the borrower did not comply with the OTS and thus defaulted, triggering entitlement to revive or proceed with legal/enforcement actions. Because the OTS expressly allowed parties to resume proceedings on default, the adjudicating authority correctly admitted the insolvency petition against the corporate debtor despite the OTS. The consequence is that resolution under the insolvency framework is required and the appeal against admission is dismissed. en-us Tue, 27 Jan 2026 00:00:00 +0530 Mon, 02 Feb 2026 08:20:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785833 One Time Settlement (OTS) default due to unpaid instalments terminated the suspension of enforcement and permitted creditor proceedings to continue; the borrower did not comply with the OTS and thus defaulted, triggering entitlement to revive or proceed with legal/enforcement actions. Because the OTS expressly allowed parties to resume proceedings on default, the adjudicating authority correctly admitted the insolvency petition against the corporate debtor despite the OTS. The consequence is that resolution under the insolvency framework is required and the appeal against admission is dismissed. Case-Laws IBC Tue, 27 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785833