Absolute right of Corporate Debtor over property established hence it is part of liquidation estate

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 Corpora

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