https://www.taxtmi.com/caselaws?id=794959 Land incorporated into an integrated real estate project, supported by statutory approvals, contiguous layout and long-term conduct, forms part of the corporate insolvency resolution process and cannot be isolated after homebuyer rights have crystallised. A delayed unilateral termination of the development agreement was ineffective where the landowners had acquiesced in project development, the agreement restricted termination, and termination would defeat allottees' rights. Landowners treated as promoters under the real estate regulatory framework could not seek relief inconsistent with their obligations to homebuyers. The approved resolution plan could therefore proceed, with unpreserved claims extinguished under the clean slate principle and stakeholder rights protected. en-us Mon, 13 Jul 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:22:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794959 Land incorporated into an integrated real estate project, supported by statutory approvals, contiguous layout and long-term conduct, forms part of the corporate insolvency resolution process and cannot be isolated after homebuyer rights have crystallised. A delayed unilateral termination of the development agreement was ineffective where the landowners had acquiesced in project development, the agreement restricted termination, and termination would defeat allottees' rights. Landowners treated as promoters under the real estate regulatory framework could not seek relief inconsistent with their obligations to homebuyers. The approved resolution plan could therefore proceed, with unpreserved claims extinguished under the clean slate principle and stakeholder rights protected. Case-Laws IBC Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794959