https://www.taxtmi.com/caselaws?id=397753 In a real estate insolvency, the resolution framework was moulded around completion of the project as a going concern through a reverse corporate insolvency process. The promoter was permitted to fund completion from outside the corporate debtor as an outsider lender, not as promoter, while the Tribunal supervised the process to balance allottee and creditor interests. Amounts generated during the process were directed to be used only for project completion, payment to allottees opting for possession or refund, and satisfaction of institutional and operational dues within the stated timeline. en-us Wed, 05 Feb 2020 00:00:00 +0530 Fri, 28 Aug 2020 14:47:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397753 In a real estate insolvency, the resolution framework was moulded around completion of the project as a going concern through a reverse corporate insolvency process. The promoter was permitted to fund completion from outside the corporate debtor as an outsider lender, not as promoter, while the Tribunal supervised the process to balance allottee and creditor interests. Amounts generated during the process were directed to be used only for project completion, payment to allottees opting for possession or refund, and satisfaction of institutional and operational dues within the stated timeline. Case-Laws Insolvency and Bankruptcy Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397753