https://www.taxtmi.com/highlights?id=95303 A writ petition challenging a statutory corporation's demand for transfer fee on leasehold land was held non-maintainable because the petitioner invoked Article 226 by wilful suppression and misrepresentation of material facts, including selectively quoting the insolvency appellate order to portray recorded submissions as judicial observations; on this ground alone, discretionary relief was denied and the petition failed. On merits, the court found the transaction involved transfer of leasehold interest (not merely a change in shareholding), making precedents inapplicable, and rejected the "clean slate" plea under Section 31 IBC because the approved resolution plan did not extinguish the transfer-fee claim and the insolvency fora had expressly left it open to be pursued before the competent authority; the challenge was dismissed. - HC en-us Tue, 23 Dec 2025 07:59:05 +0530 Tue, 23 Dec 2025 07:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=95303 A writ petition challenging a statutory corporation's demand for transfer fee on leasehold land was held non-maintainable because the petitioner invoked Article 226 by wilful suppression and misrepresentation of material facts, including selectively quoting the insolvency appellate order to portray recorded submissions as judicial observations; on this ground alone, discretionary relief was denied and the petition failed. On merits, the court found the transaction involved transfer of leasehold interest (not merely a change in shareholding), making precedents inapplicable, and rejected the "clean slate" plea under Section 31 IBC because the approved resolution plan did not extinguish the transfer-fee claim and the insolvency fora had expressly left it open to be pursued before the competent authority; the challenge was dismissed. - HC Highlights IBC Tue, 23 Dec 2025 07:59:05 +0530 https://www.taxtmi.com/highlights?id=95303