Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
In a composite real estate project undergoing corporate...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termination.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
In a composite real estate project undergoing corporate insolvency resolution, prolonged acquiescence to sanctioned layouts, approvals and creation of homebuyers' rights may prevent landowners from later isolating their parcel from the project and resolution asset pool. A contractual termination right may be treated as waived where it was not invoked within the stipulated period, an express non-termination clause applied, and the parties' conduct supported continuation of the integrated project; unilateral termination therefore could not defeat the resolution process or prejudice homebuyers. The notes further state that moratorium and approval of a resolution plan extinguish pre-CIRP claims, disputes and liabilities not preserved in the plan, preventing revival of contractual proceedings or status quo orders against the corporate debtor.
In a composite real estate project undergoing corporate insolvency resolution, prolonged acquiescence to sanctioned layouts, approvals and creation of homebuyers' rights may prevent landowners from later isolating their parcel from the project and resolution asset pool. A contractual termination right may be treated as waived where it was not invoked within the stipulated period, an express non-termination clause applied, and the parties' conduct supported continuation of the integrated project; unilateral termination therefore could not defeat the resolution process or prejudice homebuyers. The notes further state that moratorium and approval of a resolution plan extinguish pre-CIRP claims, disputes and liabilities not preserved in the plan, preventing revival of contractual proceedings or status quo orders against the corporate debtor.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
