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Home Highlights December 2022 Year 2022 This

Possession of the property - Claim by third-party - Right of the ...


Corporate Debtor Loses Leasehold Rights; Lacks Authority for Third-Party Agreements Under Insolvency Proceedings.

December 16, 2022

Case Laws     Insolvency and Bankruptcy     AT

Possession of the property - Claim by third-party - Right of the corporate debtor over the leasehold property - the fact remains that on 01.12.2015, after the cancellation of the lease deed, the Corporate Debtor had no right or interest in the demised premises much less for the purpose of creating a third-party interest by entering into an agreement of management with the Appellant on 01.04.2017. - AT

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