https://www.taxtmi.com/caselaws?id=415479 The Tribunal upheld the approval of the Resolution Plan submitted by Sify Technologies Limited in the Corporate Insolvency Resolution Process of the Corporate Debtor. It found that the termination of the Leave and Licence Agreement was permissible under the agreement's clause, allowing termination with notice. The Appellant was directed to vacate the premises within two months, paying outstanding charges, while the Successful Resolution Applicant was instructed to return the security deposit per the lease agreement. No costs were awarded in the matter. en-us Mon, 06 Dec 2021 00:00:00 +0530 Tue, 07 Dec 2021 09:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415479 The Tribunal upheld the approval of the Resolution Plan submitted by Sify Technologies Limited in the Corporate Insolvency Resolution Process of the Corporate Debtor. It found that the termination of the Leave and Licence Agreement was permissible under the agreement's clause, allowing termination with notice. The Appellant was directed to vacate the premises within two months, paying outstanding charges, while the Successful Resolution Applicant was instructed to return the security deposit per the lease agreement. No costs were awarded in the matter. Case-Laws Insolvency and Bankruptcy Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415479