https://www.taxtmi.com/caselaws?id=789243 Withdrawal of insolvency proceedings on the basis of a settlement brings the original petition to an end, and a later breach of that settlement does not by itself revive the concluded lis. A restoration application is not a substitute for a fresh enforcement remedy or a proceeding to challenge the compromise, so it is not maintainable unless a right to restore is expressly reserved. Where liberty is limited to taking appropriate recovery proceedings in case of default, it does not authorise revival of the withdrawn company petition before the adjudicating authority. en-us Fri, 13 Mar 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789243 Withdrawal of insolvency proceedings on the basis of a settlement brings the original petition to an end, and a later breach of that settlement does not by itself revive the concluded lis. A restoration application is not a substitute for a fresh enforcement remedy or a proceeding to challenge the compromise, so it is not maintainable unless a right to restore is expressly reserved. Where liberty is limited to taking appropriate recovery proceedings in case of default, it does not authorise revival of the withdrawn company petition before the adjudicating authority. Case-Laws IBC Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789243