https://www.taxtmi.com/caselaws?id=382940 The Tribunal declared the order terminating the mining lease during the moratorium as violating Section 14 of the IBC. It upheld the validity of the mining lease extension under the MMDR Act, asserting its jurisdiction to interpret and enforce IBC provisions during the moratorium. The Tribunal emphasized the overriding effect of the IBC over the MMDR Act, concluding that the Corporate Debtor complied with lease conditions. The order was deemed null and void, directing the extension of the mining lease until 31.03.2020 to preserve the Corporate Debtor's assets during the CIRP. en-us Fri, 03 May 2019 00:00:00 +0530 Sat, 13 Jul 2019 07:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382940 The Tribunal declared the order terminating the mining lease during the moratorium as violating Section 14 of the IBC. It upheld the validity of the mining lease extension under the MMDR Act, asserting its jurisdiction to interpret and enforce IBC provisions during the moratorium. The Tribunal emphasized the overriding effect of the IBC over the MMDR Act, concluding that the Corporate Debtor complied with lease conditions. The order was deemed null and void, directing the extension of the mining lease until 31.03.2020 to preserve the Corporate Debtor's assets during the CIRP. Case-Laws Insolvency and Bankruptcy Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382940