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CIRP proceedings and all resulting orders set aside as parties reached settlement before constitution of CoC: NCLAT

September 4, 2020[2020] 118 417 (NCL-AT)

IBC: Where CIRP was admitted but parties had reached a settlement before constitution of Committee of Creditors, CIRP proceedings along with all consequential order (s) passed by Adjudicating Authority appointing 'Interim Resolution Professional', declaring moratorium etc., pursuant to impugned order were to be set aside

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