https://www.taxtmi.com/caselaws?id=310937 NCLT Chennai held that Karnataka Government's rejection of deemed extension application for Mining Lease ML No.2293 violated Section 14 moratorium provisions of IBC. The tribunal set aside the rejection order dated 26.09.2018 issued by Under Secretary, Commerce Industries Department, finding it contravened the moratorium declared on 12.03.2018. Respondents were directed to execute supplement deeds extending the mining lease period until 31.03.2020 in accordance with MMDR Act provisions within two weeks of receiving certified copy of the order. en-us Tue, 11 Dec 2018 00:00:00 +0530 Tue, 28 Nov 2023 06:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310937 NCLT Chennai held that Karnataka Government's rejection of deemed extension application for Mining Lease ML No.2293 violated Section 14 moratorium provisions of IBC. The tribunal set aside the rejection order dated 26.09.2018 issued by Under Secretary, Commerce Industries Department, finding it contravened the moratorium declared on 12.03.2018. Respondents were directed to execute supplement deeds extending the mining lease period until 31.03.2020 in accordance with MMDR Act provisions within two weeks of receiving certified copy of the order. Case-Laws Insolvency and Bankruptcy Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310937