https://www.taxtmi.com/caselaws?id=759010 A resolution plan cannot include property not owned by the corporate debtor or extinguish third-party rights without proof of ownership or lawful termination. The plan was therefore required to exclude land recorded in third-party names and could not cancel a subsisting lease or take over the lessee's building in breach of the lease terms and due process. Homebuyer claims supported by allotment letters, registered agreements and ledger material were wrongly rejected and had to be accepted as allottee claims. No interference was warranted with the valuation exercise or the treatment of operational creditors and employees absent a demonstrated statutory violation. en-us Mon, 01 Jul 2024 00:00:00 +0530 Tue, 08 Oct 2024 10:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759010 A resolution plan cannot include property not owned by the corporate debtor or extinguish third-party rights without proof of ownership or lawful termination. The plan was therefore required to exclude land recorded in third-party names and could not cancel a subsisting lease or take over the lessee's building in breach of the lease terms and due process. Homebuyer claims supported by allotment letters, registered agreements and ledger material were wrongly rejected and had to be accepted as allottee claims. No interference was warranted with the valuation exercise or the treatment of operational creditors and employees absent a demonstrated statutory violation. Case-Laws IBC Mon, 01 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759010