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Absolute right of Corporate Debtor over property established hence it is part of liquidation estate
Case Law Details
- Case Name
- Wockhardt Ltd. & Anr. Vs Rajeev Mannadiar (RP of Eurolife Healthcare Pvt. Ltd.) & Anr. (NCLAT Delhi)
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- NCLAT
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Wockhardt Ltd. & Anr. Vs Rajeev Mannadiar (RP of Eurolife Healthcare Pvt. Ltd.) & Anr. (NCLAT Delhi)
NCLAT Delhi held that assignment agreement establishes absolute right of the corporate debtor over the property hence it is part of liquidation estate. Payment of unauthorised sub-letting charges doesn’t mean any valid sub-letting of property.
Facts- Maharashtra Industrial Development Corporation executed a Lease Deed on 08.09.1998 with respect to Plot No.B – 15/2 in Waluj Industrial Area situated outside the limits of Aurangabad Municipal Corporation admeasuring 64...
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