Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
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Insolvency and BankruptcyAugust 26, 2023Case LawsAT
Withdrawal of application u/s 7 which was admitted - Acceptance of the One Time Settlement (OTS) - In view of the fact that CoC has not been constituted in pursuance of the Interim Order passed by this Tribunal, the Applicants (SRS Private Investments Powai Ltd. and ICICI Bank) are at liberty to take appropriate steps in accordance with law. IRP fees and expenses shall be paid within two weeks by the Appellant. - AT
Withdrawal of application u/s 7 which was admitted - Acceptance of the One Time Settlement (OTS) - In view of the fact that CoC has not been constituted in pursuance of the Interim Order passed by this Tribunal, the Applicants (SRS Private Investments Powai Ltd. and ICICI Bank) are at liberty to take appropriate steps in accordance with law. IRP fees and expenses shall be paid within two weeks by the Appellant. - AT
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