NCLAT upholds liquidator's right to evict related-party 'tenants' from corporate debtor's property
The National Company Law Appellate Tribunal has affirmed that a liquidator possesses the authority to recover assets belonging to a corporate debtor directly. This decision pertains to Duke Fashions and UV&W Products, who were ordered to vacate certain properties. Their claims of tenancy rights based on 30-year lease deeds were rejected, as the leases lacked proper registration.
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