https://www.taxtmi.com/caselaws?id=756454 In the context of insolvency, moratorium protection under the Insolvency and Bankruptcy Code does not displace a welfare statute governing slum rehabilitation and redevelopment. The statutory process for declaration, acquisition and rehabilitation under the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act is directed to securing transit, rehabilitation and redevelopment rights for eligible occupants, and those steps are not suspended merely because the developer is in CIRP. A resolution professional also cannot invoke insolvency to preserve a defaulting developer's commercial redevelopment advantage while avoiding corresponding obligations to slum dwellers. en-us Wed, 03 Apr 2024 00:00:00 +0530 Fri, 02 Aug 2024 21:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756454 In the context of insolvency, moratorium protection under the Insolvency and Bankruptcy Code does not displace a welfare statute governing slum rehabilitation and redevelopment. The statutory process for declaration, acquisition and rehabilitation under the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act is directed to securing transit, rehabilitation and redevelopment rights for eligible occupants, and those steps are not suspended merely because the developer is in CIRP. A resolution professional also cannot invoke insolvency to preserve a defaulting developer's commercial redevelopment advantage while avoiding corresponding obligations to slum dwellers. Case-Laws IBC Wed, 03 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756454