https://www.taxtmi.com/caselaws?id=762067 A third-party claimant seeking exclusion of property from CIRP must show a clear and established right before the Tribunal will interfere with the resolution process. Where the disputed asset forms part of the corporate debtor's factory premises, is integrated with its business assets, and the claimant's title is already under challenge in a pending civil suit, interlocutory relief to exclude the property or compel disclosure of the information memorandum, resolution plan, and CoC minutes is not warranted. The pending title dispute and asserted apprehension, without more, do not justify exercise of inherent powers to restrain consideration of the resolution plan. The applications were rejected and the rejection orders were left undisturbed. en-us Thu, 21 Nov 2024 00:00:00 +0530 Fri, 22 Nov 2024 17:19:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762067 A third-party claimant seeking exclusion of property from CIRP must show a clear and established right before the Tribunal will interfere with the resolution process. Where the disputed asset forms part of the corporate debtor's factory premises, is integrated with its business assets, and the claimant's title is already under challenge in a pending civil suit, interlocutory relief to exclude the property or compel disclosure of the information memorandum, resolution plan, and CoC minutes is not warranted. The pending title dispute and asserted apprehension, without more, do not justify exercise of inherent powers to restrain consideration of the resolution plan. The applications were rejected and the rejection orders were left undisturbed. Case-Laws IBC Thu, 21 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762067