https://www.taxtmi.com/caselaws?id=399565 The Tribunal asserted jurisdiction to entertain the application, emphasizing the direct link between PPA termination and the corporate debtor's liquidation. It deemed the termination notice invalid, highlighting that liquidation alone does not justify PPA termination under the IBC. Recognizing the secured creditor's rights, the Tribunal upheld the creditor's ability to realize the secured asset's value and invoked Article 12.9 to protect financing creditors' rights. Emphasizing asset value maximization under the IBC, the Tribunal set aside the termination notice, safeguarding the secured creditor's rights and allowing asset disposal as an ongoing concern. en-us Wed, 06 May 2020 00:00:00 +0530 Wed, 14 Oct 2020 11:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399565 The Tribunal asserted jurisdiction to entertain the application, emphasizing the direct link between PPA termination and the corporate debtor's liquidation. It deemed the termination notice invalid, highlighting that liquidation alone does not justify PPA termination under the IBC. Recognizing the secured creditor's rights, the Tribunal upheld the creditor's ability to realize the secured asset's value and invoked Article 12.9 to protect financing creditors' rights. Emphasizing asset value maximization under the IBC, the Tribunal set aside the termination notice, safeguarding the secured creditor's rights and allowing asset disposal as an ongoing concern. Case-Laws Insolvency and Bankruptcy Wed, 06 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399565