https://www.taxtmi.com/caselaws?id=794217 Post-admission termination of the corporate insolvency resolution process is governed by the settlement framework under the Insolvency and Bankruptcy Code and the applicable CIRP Regulations, rather than solely by the original proof of debt and default. Where a corporate debtor has a sole creditor, the entire admitted debt is available for repayment, and no third-party interests have arisen, continuation of CIRP may undermine the Code's revival-oriented purpose. A sole creditor's refusal to accept a genuine settlement may warrant intervention where it results in misuse of the insolvency process. en-us Tue, 30 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794217 Post-admission termination of the corporate insolvency resolution process is governed by the settlement framework under the Insolvency and Bankruptcy Code and the applicable CIRP Regulations, rather than solely by the original proof of debt and default. Where a corporate debtor has a sole creditor, the entire admitted debt is available for repayment, and no third-party interests have arisen, continuation of CIRP may undermine the Code's revival-oriented purpose. A sole creditor's refusal to accept a genuine settlement may warrant intervention where it results in misuse of the insolvency process. Case-Laws IBC Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794217