2023 (2) TMI 1133 - SCH - Insolvency and Bankruptcy

Seeking direction to the Appellant to vacate the premises belonging to the Corporate Debtor in his possession - remedy of Resolution Professional for taking possession from the Appellant whose lease had come to an end on 31st December 2021 was only taking proceeding for eviction under MP Accommodation Control Act 1961 - It was held by NCLAT that the Adjudicating Authority has rightly allowed the Application filed by the RP directing the Appellant to vacate from the premises so that Resolution Plan which has been approved can be implemented. HELD THAT - There are no ground to interfere in the order impugned dated 05.01.2023 passed by the National Company Law Appellate Tribunal. Appeal dismissed.

Summary

Title: Supreme Court of India dismisses appeal, keeps question of law open

Summary: The Supreme Court of India, in a judgment by Ajay Rastogi and Bela M. Trivedi, JJ., dismissed the appeal against the order passed by the National Company Law Appellate Tribunal on 05.01.2023. The Court found no grounds to interfere and kept the question of law open.