https://www.taxtmi.com/caselaws?id=395292 Related-party leases of mortgaged corporate property may be treated as void where they are executed without the secured creditor's required consent, provide grossly inadequate rent, and confer a unilateral renewal right on the lessee. Such features support characterisation of the arrangement as preferential and fraudulent, while an impermissible renewal covenant may independently invalidate it. During corporate insolvency resolution, the Insolvency and Bankruptcy Code's overriding effect can displace an attachment that obstructs resolution and prejudices creditors, enabling release of the attached assets and possession-related relief. en-us Fri, 20 Mar 2020 00:00:00 +0530 Fri, 15 May 2020 11:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395292 Related-party leases of mortgaged corporate property may be treated as void where they are executed without the secured creditor's required consent, provide grossly inadequate rent, and confer a unilateral renewal right on the lessee. Such features support characterisation of the arrangement as preferential and fraudulent, while an impermissible renewal covenant may independently invalidate it. During corporate insolvency resolution, the Insolvency and Bankruptcy Code's overriding effect can displace an attachment that obstructs resolution and prejudices creditors, enabling release of the attached assets and possession-related relief. Case-Laws Insolvency and Bankruptcy Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395292