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Termination of mining lease of Corporate Debtor by Govt. during moratorium period violated section 14(1)(d)

July 9, 2019[2019] 106 367 (NCLT- Chennai )

IBC: Where during moratorium period, mining lease granted by State Government in favour of applicant was terminated which took away corporate debtor's right over property i.e. iron ore to be extracted and consequently, applicant could not carry on its mining business as a going concern, action of respondents in terminating lease was in violation of section 14(1)(d)

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