https://www.taxtmi.com/caselaws?id=435313 The Supreme Court held that the development rights of the Corporate Debtor over the disputed property constitute "property" and "assets" under the Insolvency and Bankruptcy Code. The Court affirmed the decisions of NCLT and NCLAT, ruling that these rights should be included in the Information Memorandum. Additionally, the Court clarified that NCLT and NCLAT have jurisdiction to order possession and eviction, even involving third-party interests, as long as they are connected to the Corporate Debtor's rights. The appeals were dismissed, confirming the protection of the Corporate Debtor's possession and interests by the tribunals. en-us Tue, 14 Mar 2023 00:00:00 +0530 Thu, 16 Mar 2023 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435313 The Supreme Court held that the development rights of the Corporate Debtor over the disputed property constitute "property" and "assets" under the Insolvency and Bankruptcy Code. The Court affirmed the decisions of NCLT and NCLAT, ruling that these rights should be included in the Information Memorandum. Additionally, the Court clarified that NCLT and NCLAT have jurisdiction to order possession and eviction, even involving third-party interests, as long as they are connected to the Corporate Debtor's rights. The appeals were dismissed, confirming the protection of the Corporate Debtor's possession and interests by the tribunals. Case-Laws Insolvency and Bankruptcy Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435313