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Gujarat HC Bars GIDC from Ending Gujarat Hydrocarbons and Power SEZ Lease During IBC Moratorium

In a significant ruling strengthening the Insolvency and Bankruptcy Code’s moratorium shield, the Gujarat High Court has held that Gujarat Industrial Development Corporation (GIDC) could not terminate a 99‑year lease or evict Gujarat Hydrocarbons and Power SEZ Limited during the corporate insolvency resolution process, dismissing GIDC’s Letters Patent Appeal against a Single Judge order that…