https://www.taxtmi.com/caselaws?id=470679 Settlement of disputes and withdrawal of the sole creditor claim justified closure of the corporate insolvency resolution process. The parties agreed to be bound by consent terms, and the interim resolution professional confirmed that the only claim received after public announcement had been withdrawn, with no objection from the claimants. Inherent powers may be exercised in appropriate cases to close insolvency proceedings where no impediment remains. The process was therefore directed to be closed and the admission order set aside. en-us Thu, 10 Jul 2025 00:00:00 +0530 Tue, 04 Aug 2026 20:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470679 Settlement of disputes and withdrawal of the sole creditor claim justified closure of the corporate insolvency resolution process. The parties agreed to be bound by consent terms, and the interim resolution professional confirmed that the only claim received after public announcement had been withdrawn, with no objection from the claimants. Inherent powers may be exercised in appropriate cases to close insolvency proceedings where no impediment remains. The process was therefore directed to be closed and the admission order set aside. Case-Laws IBC Thu, 10 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470679