https://www.taxtmi.com/caselaws?id=399942 The tribunal held that the Power Purchase Agreement (PPA) and the solar power plant constitute an integrated economic asset that must be preserved during liquidation to maximize asset value. Terminating the PPA would contradict the objectives of the Insolvency and Bankruptcy Code (IBC). Therefore, the tribunal affirmed the Adjudicating Authority's decision to prevent the termination of the PPA, ensuring the preservation and maximization of the corporate debtor's assets during liquidation. The appeal was dismissed without costs. en-us Tue, 20 Oct 2020 00:00:00 +0530 Fri, 23 Oct 2020 15:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399942 The tribunal held that the Power Purchase Agreement (PPA) and the solar power plant constitute an integrated economic asset that must be preserved during liquidation to maximize asset value. Terminating the PPA would contradict the objectives of the Insolvency and Bankruptcy Code (IBC). Therefore, the tribunal affirmed the Adjudicating Authority's decision to prevent the termination of the PPA, ensuring the preservation and maximization of the corporate debtor's assets during liquidation. The appeal was dismissed without costs. Case-Laws Insolvency and Bankruptcy Tue, 20 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399942