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Moratorium u/s. 14 of IBC cannot be extended against large public interest
Case Law Details
- Case Name
- Aegis Resolution Service Private Limited Vs Slum Rehabilitation Authority (SRA) (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Aegis Resolution Service Private Limited Vs Slum Rehabilitation Authority (SRA) (NCLT Mumbai)
NCLT Mumbai held that imposition of moratorium u/s. 14 of Insolvency and Bankruptcy Code, 2016 for the acquisition of land by Mumbai Metropolitan Region Development Authority [MMRDA] by no stretch of imagination be extended against large public interest.
Facts- The Respondents i.e. Slum Rehabilitation Authority and MMRDA have initiated steps for acquisition of the land for construction of four-lane tunnel road connecting Thane to Borivali and it is pursuant to the same, the Respondent...
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