https://www.taxtmi.com/caselaws?id=767757 NCLAT held that NCLT had jurisdiction to entertain RP's application against GIDC's lease termination during moratorium period under Section 14 IBC. The lease termination order dated 07.04.2022 was passed during continuing moratorium and violated Section 14(1) IBC. NCLT could exercise jurisdiction under Section 60(5)(c) IBC. Additionally, NCLAT found that Adjudicating Authority erred in remanding Resolution Plan to CoC without finding non-compliance with Section 30(2) IBC. The approved Resolution Plan could not be returned for reconsideration without recording specific violations of mandatory provisions. Appeal allowed. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 25 Mar 2025 08:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767757 NCLAT held that NCLT had jurisdiction to entertain RP's application against GIDC's lease termination during moratorium period under Section 14 IBC. The lease termination order dated 07.04.2022 was passed during continuing moratorium and violated Section 14(1) IBC. NCLT could exercise jurisdiction under Section 60(5)(c) IBC. Additionally, NCLAT found that Adjudicating Authority erred in remanding Resolution Plan to CoC without finding non-compliance with Section 30(2) IBC. The approved Resolution Plan could not be returned for reconsideration without recording specific violations of mandatory provisions. Appeal allowed. Case-Laws IBC Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767757