https://www.taxtmi.com/caselaws?id=405901 The Appellate Tribunal clarified that under Section 14(1)(d) of the Insolvency and Bankruptcy Code, an Owner/Lessor cannot recover property occupied by the Corporate Debtor during the moratorium period. The Tribunal emphasized that physical occupation by the Corporate Debtor is crucial, not just rights or interests in the property. Additionally, the Tribunal found that the moratorium had ended before an order directing the Resolution Professional to vacate leased premises was issued, as the Corporate Debtor had entered liquidation post expiration of the CIRP period. This case sheds light on interpreting legal provisions and applying moratorium rules in insolvency proceedings. en-us Wed, 31 Mar 2021 00:00:00 +0530 Mon, 15 Nov 2021 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405901 The Appellate Tribunal clarified that under Section 14(1)(d) of the Insolvency and Bankruptcy Code, an Owner/Lessor cannot recover property occupied by the Corporate Debtor during the moratorium period. The Tribunal emphasized that physical occupation by the Corporate Debtor is crucial, not just rights or interests in the property. Additionally, the Tribunal found that the moratorium had ended before an order directing the Resolution Professional to vacate leased premises was issued, as the Corporate Debtor had entered liquidation post expiration of the CIRP period. This case sheds light on interpreting legal provisions and applying moratorium rules in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405901