https://www.taxtmi.com/caselaws?id=388963 In a jointly developed township project secured by corporate guarantees and co-borrower arrangements, group insolvency resolution may be pursued against land-owning corporate debtors where the project is operationally integrated with the principal borrower and cannot be effectively resolved in isolation. A common resolution professional and consolidated resolution plan were treated as necessary to preserve the project as a going concern and protect allottees. For remaining corporate debtors, the record was insufficient to conclusively establish the same common development structure, so those matters were remitted for fresh consideration with liberty to produce additional agreements and materials. en-us Fri, 20 Sep 2019 00:00:00 +0530 Thu, 28 Nov 2019 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388963 In a jointly developed township project secured by corporate guarantees and co-borrower arrangements, group insolvency resolution may be pursued against land-owning corporate debtors where the project is operationally integrated with the principal borrower and cannot be effectively resolved in isolation. A common resolution professional and consolidated resolution plan were treated as necessary to preserve the project as a going concern and protect allottees. For remaining corporate debtors, the record was insufficient to conclusively establish the same common development structure, so those matters were remitted for fresh consideration with liberty to produce additional agreements and materials. Case-Laws Insolvency and Bankruptcy Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388963