2023 (12) TMI 1309 - SCH - Insolvency and Bankruptcy

Taking possession of the demise premises in view of Section 14(1)(d) of I B Code - it was held by NCLAT that ' Since the demised premises ceased to be the property of the Corporate Debtor much prior to the initiation of CIRP, therefore, it cannot be covered under Section 14 much less 14(1)(d) of the Code' - HELD THAT - There are no reason to interfere with the order of the National Company Law Appellate Tribunal since no substantial question of law is involved in the appeal. Appeal dismissed.

Summary

The Supreme Court of India dismissed the appeal since no substantial question of law was involved in the case. The order of the National Company Law Appellate Tribunal dated 7 December 2022 in Company Appeal (AT)(Ins) No 510 of 2022 was upheld.