https://www.taxtmi.com/caselaws?id=782835 The HC upheld the decision of the State Empowered Committee (Tourism) approving transfer of project rights to respondent company pursuant to an NCLT-approved resolution plan under the IBC. It held that the IBC and the resolution plan override inconsistent provisions of the Telangana Infrastructure Development Enabling Act, and the petitioner's alleged accrued rights are purely contractual and subject to insolvency consequences and judicial orders. Claims of violation of FDI policy, lack of notice, and denial of compensation were rejected in view of the binding effect of the resolution plan and availability of remedies before NCLT. Finding re-litigation and abuse of process, the HC dismissed the writ petition with costs. en-us Thu, 20 Nov 2025 00:00:00 +0530 Fri, 05 Dec 2025 08:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782835 The HC upheld the decision of the State Empowered Committee (Tourism) approving transfer of project rights to respondent company pursuant to an NCLT-approved resolution plan under the IBC. It held that the IBC and the resolution plan override inconsistent provisions of the Telangana Infrastructure Development Enabling Act, and the petitioner's alleged accrued rights are purely contractual and subject to insolvency consequences and judicial orders. Claims of violation of FDI policy, lack of notice, and denial of compensation were rejected in view of the binding effect of the resolution plan and availability of remedies before NCLT. Finding re-litigation and abuse of process, the HC dismissed the writ petition with costs. Case-Laws IBC Thu, 20 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782835