Agreement for Sale Does Not Confer Ownership: NCLAT in Liquidation Case

V. Jaisankar Vs Mahalingam Suresh Kumar (NCLAT) In this Company Appeal, the Appellant, V. Jaisankar, challenged the common order dated 27 September 2024 passed by the National Company Law Tribunal (NCLT), Chennai, in proceedings concerning M/s. Ganga Foundations Pvt. Ltd., the Corporate Debtor under liquidation. The appeal specifically contested the NCLT’s decision in IA(IBC)/1701(CHE)/2023, through which the Tribunal directed the Appellant to hand over the original title deeds of a property belonging to the Corporate Debtor to the Liquidator. The Corporate Insolvency Resolution Process (CIR...