NCLAT sets aside NCLT's liquidation order for Genius Exports, reviving its Corporate Insolvency Resolution Process.
Appellate tribunal rules NCLT erred in rejecting resolution plan due to applicant's death and ignoring a pending settlement application.
Judgment provides legal framework for handling resolution applicant death, suggesting plan review by CoC with heirs.
Directs NCLT to now consider the operational creditor's application for withdrawal under Section 12A of IBC.