https://www.taxtmi.com/caselaws?id=753742 A statutory authority's claim for additional farmers' compensation was held to have a secured character because the relevant statutory scheme and concession agreement placed the acquisition-related liability on the corporate debtor. That claim had to be considered in the CIRP, and deductions from it were rejected, so the proposed settlement did not amount to full discharge. By contrast, external development charges were not treated as a statutory secured claim because they did not fall within the charge-creating categories under the Act; the payable amount was reconciled at Rs. 525.91 crores, subject to future development-linked payments. Creditor consent was not required for the resolution plan's treatment of claims or for transfer of the corporate debtor's leasehold rights. en-us Fri, 24 May 2024 00:00:00 +0530 Sat, 08 Jun 2024 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753742 A statutory authority's claim for additional farmers' compensation was held to have a secured character because the relevant statutory scheme and concession agreement placed the acquisition-related liability on the corporate debtor. That claim had to be considered in the CIRP, and deductions from it were rejected, so the proposed settlement did not amount to full discharge. By contrast, external development charges were not treated as a statutory secured claim because they did not fall within the charge-creating categories under the Act; the payable amount was reconciled at Rs. 525.91 crores, subject to future development-linked payments. Creditor consent was not required for the resolution plan's treatment of claims or for transfer of the corporate debtor's leasehold rights. Case-Laws Insolvency and Bankruptcy Fri, 24 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753742