NCLAT restores Axis Bank's insolvency appeal against Chintamani's Jewellery due to material breach of court-recorded consent terms.
Corporate Debtor defaulted on ₹2.60 crore principal payments despite structured ₹10.55 crore restructuring agreement.
Tribunal revives CIRP proceedings, recalling its May 2024 order that had closed insolvency based on settlement.
Court upholds absolute liberty clause allowing creditor to revive appeal upon default without further notice.