https://www.taxtmi.com/caselaws?id=750738 The NCLAT allowed the corporate debtor to complete a real estate project during CIRP proceedings under IRP guidance. The tribunal accepted the appellant's application for unsecured and secured financial creditors to vote on the Project Completion Proposal. The decision was based on affidavits filed and principles of reverse CIRP established in previous tribunal precedent. The appeal was disposed of with the request being accepted, permitting project completion during the insolvency process. en-us Mon, 18 Mar 2024 00:00:00 +0530 Thu, 28 Mar 2024 19:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750738 The NCLAT allowed the corporate debtor to complete a real estate project during CIRP proceedings under IRP guidance. The tribunal accepted the appellant's application for unsecured and secured financial creditors to vote on the Project Completion Proposal. The decision was based on affidavits filed and principles of reverse CIRP established in previous tribunal precedent. The appeal was disposed of with the request being accepted, permitting project completion during the insolvency process. Case-Laws Insolvency and Bankruptcy Mon, 18 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750738