https://www.taxtmi.com/caselaws?id=305917 The National Company Law Tribunal, Mumbai Bench, allowed the landlord's claim for possession of land in the Corporate Insolvency Resolution Process, directing the Resolution Professional to hand over the land and pay Rs.1 Lakh in costs. The Appellate Tribunal upheld the decision but set aside the cost imposition, clarifying the Resolution Professional's obligation to pay current rent during the Resolution Process and consider renegotiating terms with the landlord. en-us Wed, 20 Nov 2019 00:00:00 +0530 Fri, 30 Dec 2022 09:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305917 The National Company Law Tribunal, Mumbai Bench, allowed the landlord's claim for possession of land in the Corporate Insolvency Resolution Process, directing the Resolution Professional to hand over the land and pay Rs.1 Lakh in costs. The Appellate Tribunal upheld the decision but set aside the cost imposition, clarifying the Resolution Professional's obligation to pay current rent during the Resolution Process and consider renegotiating terms with the landlord. Case-Laws Insolvency and Bankruptcy Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305917