https://www.taxtmi.com/caselaws?id=792401 A development arrangement, power of attorney and consortium agreement did not transfer ownership of the project to the developer; they conferred only contractual development rights, while the corporate debtor remained owner. The resolution professional's application for cooperation, access to records and supervisory directions under the Insolvency and Bankruptcy Code was maintainable against the developer, and the developer had to assist the CIRP. The lender's mortgage charge continued because the later arrangements did not release or extinguish the existing security interest. Ongoing construction was not to be stopped, and the developer was permitted to complete the project under CIRP supervision. en-us Mon, 25 May 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792401 A development arrangement, power of attorney and consortium agreement did not transfer ownership of the project to the developer; they conferred only contractual development rights, while the corporate debtor remained owner. The resolution professional's application for cooperation, access to records and supervisory directions under the Insolvency and Bankruptcy Code was maintainable against the developer, and the developer had to assist the CIRP. The lender's mortgage charge continued because the later arrangements did not release or extinguish the existing security interest. Ongoing construction was not to be stopped, and the developer was permitted to complete the project under CIRP supervision. Case-Laws IBC Mon, 25 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792401