https://www.taxtmi.com/caselaws?id=789239 An insolvency proceeding note under the IBC and NCLT Rules states that orders directing release of charge over the entire 8.87 acres and implementation of the resolution plan were unsustainable because they were passed without hearing the affected party, without reasons, and in disregard of a subsisting interim status quo order over the remaining land. The record indicated that the earlier interim restraint limited development rights to 4.33 acres, yet the later directions covered the full property and title deeds without clarification or reasoned consideration. The impugned orders were therefore treated as vitiated by violation of natural justice, judicial propriety, and non-application of mind. en-us Wed, 24 Sep 2025 00:00:00 +0530 Mon, 06 Apr 2026 08:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789239 An insolvency proceeding note under the IBC and NCLT Rules states that orders directing release of charge over the entire 8.87 acres and implementation of the resolution plan were unsustainable because they were passed without hearing the affected party, without reasons, and in disregard of a subsisting interim status quo order over the remaining land. The record indicated that the earlier interim restraint limited development rights to 4.33 acres, yet the later directions covered the full property and title deeds without clarification or reasoned consideration. The impugned orders were therefore treated as vitiated by violation of natural justice, judicial propriety, and non-application of mind. Case-Laws IBC Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789239