Whether dues to Land owners under collaboration agreements in nature of joint development of project with sharing of profit can be treated as Operational Debt within the provisions of the IBC? – Mrs. Jesleen Kaur Papneja Vs. Raheja Developers Ltd. – NCLT Principal Bench

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Under Section 22(1)(g) of the RDB Act 1993 the DRT was competent to restore the Securitization Application(SA) by imposition of reasonable cost. This power of restoration of SA as per Section 22(2)(g) cannot be confused with the power flowing from Section 19(25) of the same Act – M/s. Ganpat Pannalal Vs. State Bank of India – Madhya Pradesh High Court

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