https://www.taxtmi.com/caselaws?id=777582 NCLAT dismissed the appeal and upheld the AA's approval of the resolution plan. The Tribunal held that clauses 5(c), (h), (i), (j) and (l) do not deprive the respondent of ownership in the 10.19-acre land nor contravene the MoU or JDA; appropriation at Rs.1,400/sq ft was contemplated by JDA clause 8.3 and Clause 5(m) requires adherence to JDA conditions. The Plan was not conditional or contingent, payment timelines were fixed, and no exit clause existed. The resolution applicant met eligibility requirements under the IBC. en-us Fri, 29 Aug 2025 00:00:00 +0530 Tue, 02 Sep 2025 08:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777582 NCLAT dismissed the appeal and upheld the AA's approval of the resolution plan. The Tribunal held that clauses 5(c), (h), (i), (j) and (l) do not deprive the respondent of ownership in the 10.19-acre land nor contravene the MoU or JDA; appropriation at Rs.1,400/sq ft was contemplated by JDA clause 8.3 and Clause 5(m) requires adherence to JDA conditions. The Plan was not conditional or contingent, payment timelines were fixed, and no exit clause existed. The resolution applicant met eligibility requirements under the IBC. Case-Laws IBC Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777582