https://www.taxtmi.com/caselaws?id=794366 Consent terms recorded before the NCLAT are binding and must be strictly performed, and where the disposal order expressly reserves liberty to revive proceedings on default, that liberty can be invoked on breach. The record showed continuing non-compliance with the settlement repayment schedule, and later attempts to sell property did not cure the admitted defaults. On that basis, the appeal was restored, the earlier disposal order was recalled, and the insolvency proceedings were revived. en-us Tue, 30 Jun 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794366 Consent terms recorded before the NCLAT are binding and must be strictly performed, and where the disposal order expressly reserves liberty to revive proceedings on default, that liberty can be invoked on breach. The record showed continuing non-compliance with the settlement repayment schedule, and later attempts to sell property did not cure the admitted defaults. On that basis, the appeal was restored, the earlier disposal order was recalled, and the insolvency proceedings were revived. Case-Laws IBC Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794366