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

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