https://www.taxtmi.com/caselaws?id=794130 A settlement reached before appellate disposal of a Section 9 insolvency admission can be considered in continuation of the original proceedings, even if the adjudicating authority did not act on it. Where the parties place the settlement on record, the basis for continuing CIRP falls away and the insolvency objective of preserving the corporate debtor as a going concern is served. On that footing, the admission order and commencement of CIRP were quashed and the matter was disposed of in terms of the settlement. en-us Wed, 17 Jun 2026 00:00:00 +0530 Wed, 01 Jul 2026 08:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794130 A settlement reached before appellate disposal of a Section 9 insolvency admission can be considered in continuation of the original proceedings, even if the adjudicating authority did not act on it. Where the parties place the settlement on record, the basis for continuing CIRP falls away and the insolvency objective of preserving the corporate debtor as a going concern is served. On that footing, the admission order and commencement of CIRP were quashed and the matter was disposed of in terms of the settlement. Case-Laws IBC Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794130