https://www.taxtmi.com/caselaws?id=374974 Termination of a coal mine development and production agreement during moratorium was not treated as barred by section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016, because vesting of the mine had not been completed and no mining lease had been issued by the State Government under the governing framework. In the absence of completed vesting and lease, the corporate debtor could not establish that the mines were in its occupation or possession for section 14(1)(d) purposes. The show cause notice had also been issued before commencement of the corporate insolvency resolution process, so the later termination was not a prohibited recovery of property during moratorium. 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 Termination of a coal mine development and production agreement during moratorium was not treated as barred by section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016, because vesting of the mine had not been completed and no mining lease had been issued by the State Government under the governing framework. In the absence of completed vesting and lease, the corporate debtor could not establish that the mines were in its occupation or possession for section 14(1)(d) purposes. The show cause notice had also been issued before commencement of the corporate insolvency resolution process, so the later termination was not a prohibited recovery of property during moratorium. Case-Laws Insolvency and Bankruptcy Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374974