https://www.taxtmi.com/caselaws?id=791564 Where a collaboration agreement has not been lawfully terminated and the real estate regulator continues to treat the landowner and developer as promoters responsible for completing the project, the project assets remain attributable to the corporate debtor for insolvency purposes. An arbitral award that does not declare lawful termination of the agreement, and that rejects transfer of the project land, does not establish the debtor's lack of continuing interest. On those facts, the unsold inventory and subject property could not be excluded from valuation or from the Information Memorandum in CIRP, and the request for exclusion was rightly rejected. en-us Mon, 11 May 2026 00:00:00 +0530 Wed, 13 May 2026 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791564 Where a collaboration agreement has not been lawfully terminated and the real estate regulator continues to treat the landowner and developer as promoters responsible for completing the project, the project assets remain attributable to the corporate debtor for insolvency purposes. An arbitral award that does not declare lawful termination of the agreement, and that rejects transfer of the project land, does not establish the debtor's lack of continuing interest. On those facts, the unsold inventory and subject property could not be excluded from valuation or from the Information Memorandum in CIRP, and the request for exclusion was rightly rejected. Case-Laws IBC Mon, 11 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791564