https://www.taxtmi.com/caselaws?id=788098 Unenforceable unilateral group arrangements, letters lacking consideration, or isolated payments by a third party do not effect novation or discharge of an operational debtor's obligation; therefore the operational creditor's claim was correctly admitted where debt and default were established. Observational language suggesting criminal proceedings was expunged because no operative direction to initiate prosecution existed. The appellant was granted a limited, time bound opportunity to make the claimed payment and, on receipt, the creditor may seek withdrawal of the insolvency process which the adjudicating authority must decide expeditiously, with interim protection preserved until that determination. en-us Thu, 12 Mar 2026 00:00:00 +0530 Tue, 17 Mar 2026 08:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788098 Unenforceable unilateral group arrangements, letters lacking consideration, or isolated payments by a third party do not effect novation or discharge of an operational debtor's obligation; therefore the operational creditor's claim was correctly admitted where debt and default were established. Observational language suggesting criminal proceedings was expunged because no operative direction to initiate prosecution existed. The appellant was granted a limited, time bound opportunity to make the claimed payment and, on receipt, the creditor may seek withdrawal of the insolvency process which the adjudicating authority must decide expeditiously, with interim protection preserved until that determination. Case-Laws IBC Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788098