Supreme Court · 2026 INSC 952 · Decided 3 September 2026
The Authorised Representative for Granite Gate Properties Private Limited, MS. Rakesh Verma v. M/S New Okhla Industrial Development Authority and ORS.
- Court
- Supreme Court of India
- Citation
- 2026 INSC 952 · [2026] 9 S.C.R. 434
- Case number
- CIVIL APPEAL No. 3132/2026
- Decided
- 3 September 2026
- Bench
- K. VINOD CHANDRAN, J.B. PARDIWALA (2-judge bench)
- Case type
- Civil
- Acts & sections cited
- Land Acquisition Act
Headnote
Issue arose as to whether the time extension charges are to be treated as Corporate Insolvency Resolution Process-CIRP costs. Housing - Urban Housing - if to be treated as Corporate Insolvency Resolution Process-CIRP costs - Housing project itself ran into difficulties, and lessee/ developer declared as a Corporate Debtor - Homebuyers together pooled money to carry on the project during the CIRP period - Resolution Plan of the
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