https://www.taxtmi.com/caselaws?id=796368 Closure of the corporate insolvency resolution process was considered appropriate because no claims were received after the public announcement and the parties had entered discharge arrangements. In the absence of a subsisting claimant or other impediment to termination, the process could be closed. The discharge arrangements supported release of the bank lien and disbursement in accordance with those arrangements. The impugned order was set aside, the insolvency process was closed, and the bank lien was withdrawn for the agreed disbursement. en-us Fri, 10 Jul 2026 00:00:00 +0530 Wed, 05 Aug 2026 09:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796368 Closure of the corporate insolvency resolution process was considered appropriate because no claims were received after the public announcement and the parties had entered discharge arrangements. In the absence of a subsisting claimant or other impediment to termination, the process could be closed. The discharge arrangements supported release of the bank lien and disbursement in accordance with those arrangements. The impugned order was set aside, the insolvency process was closed, and the bank lien was withdrawn for the agreed disbursement. Case-Laws IBC Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796368