https://www.taxtmi.com/caselaws?id=400923 The Court emphasized the preservation and protection of properties for which consideration money was paid in 2015. It clarified the jurisdiction of the Company Court over winding-up petitions filed pre-Insolvency and Bankruptcy Code, allowing the Official Liquidator to retain symbolic possession. With no Resolution Plan in the Corporate Insolvency Resolution Process, potential impact on home buyers was noted. The Court granted interim protection to the applicant until December 21, 2020, considering the urgency of the matter and the risk of the flat being treated as a company asset. en-us Fri, 20 Nov 2020 00:00:00 +0530 Mon, 23 Nov 2020 12:19:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400923 The Court emphasized the preservation and protection of properties for which consideration money was paid in 2015. It clarified the jurisdiction of the Company Court over winding-up petitions filed pre-Insolvency and Bankruptcy Code, allowing the Official Liquidator to retain symbolic possession. With no Resolution Plan in the Corporate Insolvency Resolution Process, potential impact on home buyers was noted. The Court granted interim protection to the applicant until December 21, 2020, considering the urgency of the matter and the risk of the flat being treated as a company asset. Case-Laws Insolvency and Bankruptcy Fri, 20 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400923