https://www.taxtmi.com/article/detailed?id=17441 Time-extension charges under development lease deeds were examined for classification as corporate insolvency resolution process costs where homebuyers continued a stalled housing project through a Committee of Creditors-approved Pool and Build mechanism. The charges were characterised as penal consequences of the developer's delay rather than costs incurred by the resolution professional for project continuation. Their inclusion would transfer the defaulting developer's liability to homebuyers and the resolution applicant. Charges, including those sought under an extended policy beyond the original three-year lease arrangement, were excluded from CIRP costs. en-us Tue, 22 Sep 2026 08:21:48 +0530 Tue, 22 Sep 2026 08:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17441 Time-extension charges under development lease deeds were examined for classification as corporate insolvency resolution process costs where homebuyers continued a stalled housing project through a Committee of Creditors-approved Pool and Build mechanism. The charges were characterised as penal consequences of the developer's delay rather than costs incurred by the resolution professional for project continuation. Their inclusion would transfer the defaulting developer's liability to homebuyers and the resolution applicant. Charges, including those sought under an extended policy beyond the original three-year lease arrangement, were excluded from CIRP costs. Articles Corporate Laws / IBC / SEBI Tue, 22 Sep 2026 08:21:48 +0530 https://www.taxtmi.com/article/detailed?id=17441