https://www.taxtmi.com/caselaws?id=374974 The Court held that the termination of the Coal Mines Development and Production Agreement by the Government of India did not violate the moratorium under Section 14 of the Insolvency and Bankruptcy Code. The termination was deemed valid due to the failure of the Corporate Debtor to comply with the agreement terms, specifically regarding the issuance of a mining lease by the State Government. As a result, the Resolution Professional could not claim possession of the mines, and the appeal was dismissed, allowing the Government to proceed with accepting bids and creating third-party interests in the mines. en-us Fri, 30 Nov 2018 00:00:00 +0530 Wed, 13 Feb 2019 06:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374974 The Court held that the termination of the Coal Mines Development and Production Agreement by the Government of India did not violate the moratorium under Section 14 of the Insolvency and Bankruptcy Code. The termination was deemed valid due to the failure of the Corporate Debtor to comply with the agreement terms, specifically regarding the issuance of a mining lease by the State Government. As a result, the Resolution Professional could not claim possession of the mines, and the appeal was dismissed, allowing the Government to proceed with accepting bids and creating third-party interests in the mines. Case-Laws Insolvency and Bankruptcy Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374974