https://www.taxtmi.com/caselaws?id=786767 Directions to use NBCC as implementing agency for stalled housing and integrated non-residential projects were sustained because completion and delivery of predominantly finished units with basic amenities took priority over competing creditor and land authority claims. The Court found the NCLAT's supervisory and ancillary directions, including the Apex Committee mechanism, consistent with the Insolvency and Bankruptcy Code, 2016 and supported by Article 142 to meet the peculiar facts. Project implementation timelines and compliance directions to statutory authorities were also affirmed, with limited clarification permitted for NBCC. The core challenge failed and the impugned order was upheld, subject only to minor modification and clarification. en-us Thu, 05 Feb 2026 00:00:00 +0530 Thu, 19 Feb 2026 07:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786767 Directions to use NBCC as implementing agency for stalled housing and integrated non-residential projects were sustained because completion and delivery of predominantly finished units with basic amenities took priority over competing creditor and land authority claims. The Court found the NCLAT's supervisory and ancillary directions, including the Apex Committee mechanism, consistent with the Insolvency and Bankruptcy Code, 2016 and supported by Article 142 to meet the peculiar facts. Project implementation timelines and compliance directions to statutory authorities were also affirmed, with limited clarification permitted for NBCC. The core challenge failed and the impugned order was upheld, subject only to minor modification and clarification. Case-Laws IBC Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786767