Supreme Court of India · 2020-02-19
MR. RAJENDRA K. BHUTTA vs MAHARASHTRA HOUSING AND AREA DEVELOPMENT AUTHORITY AND ANR.
- Citation / case number
- SC 2018/47825
- Court
- Supreme Court of India
- Petitioner
- MR. RAJENDRA K. BHUTTA
- Respondent
- MAHARASHTRA HOUSING AND AREA DEVELOPMENT AUTHORITY AND ANR.
- Author
- HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
- Bench
- HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN, HON'BLE MR. JUSTICE S. RAVINDRA BHAT, HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN
Judgment text excerpt
The Supreme Court interpreted Section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016, clarifying that the moratorium imposed under this section does not extend to licenses for entering land under Joint Development Agreements. The Court held that such licenses are personal and do not constitute property interests, thus allowing the Maharashtra Housing and Area Development Authority to terminate the Joint Development Agreement and reclaim possession of the land. The appeal was dismissed, affirming the NCLT's decision.