https://www.taxtmi.com/caselaws?id=467970 An insolvency admission under Section 7 of the IBC was linked to a settlement recorded through the appellant's undertaking and the respondent's confirming affidavit, with the respondent stating no objection to closure of the CIRP and reserving liberty to revive proceedings on breach. On that basis, the continuation of the admission order was treated as no longer justified, and the impugned order admitting the corporate debtor to CIRP was set aside. en-us Thu, 19 Sep 2024 00:00:00 +0530 Fri, 10 Apr 2026 20:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467970 An insolvency admission under Section 7 of the IBC was linked to a settlement recorded through the appellant's undertaking and the respondent's confirming affidavit, with the respondent stating no objection to closure of the CIRP and reserving liberty to revive proceedings on breach. On that basis, the continuation of the admission order was treated as no longer justified, and the impugned order admitting the corporate debtor to CIRP was set aside. Case-Laws IBC Thu, 19 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467970