Leasehold rights are assets of Corporate Debtor hence includible in liquidation estate

West Bengal Housing Infrastructure Development Corporation Ltd. Vs Kshitiz Chhawchharia (NCLAT Delhi)

NCLAT Delhi held that the leasehold rights with regard to the leased property are the assets of the Corporate Debtor. Accordingly, liquidator has not committed any illegality in including the demised leased land in the Liquidation Estate of the Corporate Debtor. Thus, appeal dismissed.

Facts- The appellant is Government of West Bengal company and a Planning Authority appointed by the state government with a mandate to provide larger supply of developed land

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