https://www.taxtmi.com/caselaws?id=305198 The Insolvency and Bankruptcy Code prevails over conflicting statutory arrangements, including RERA, where corporate insolvency resolution has commenced and no stay operates. On that basis, the Tribunal held that the Interim Resolution Professional was entitled under Section 18 to take control, custody and peaceful possession of the project site, and the respondent association was directed to hand over possession with local administrative assistance. It also accepted that the class of allottees had voted in favour of the proposed representative and appointed Mr. Akarsh Kashyap as authorised representative of the financial creditors in that class. en-us Mon, 25 Jul 2022 00:00:00 +0530 Tue, 22 Nov 2022 09:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305198 The Insolvency and Bankruptcy Code prevails over conflicting statutory arrangements, including RERA, where corporate insolvency resolution has commenced and no stay operates. On that basis, the Tribunal held that the Interim Resolution Professional was entitled under Section 18 to take control, custody and peaceful possession of the project site, and the respondent association was directed to hand over possession with local administrative assistance. It also accepted that the class of allottees had voted in favour of the proposed representative and appointed Mr. Akarsh Kashyap as authorised representative of the financial creditors in that class. Case-Laws Insolvency and Bankruptcy Mon, 25 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305198