NCLT direction to handover Corporate Debtor to ex-management due to stay of CIRP unjustified

Mukesh Kumar Jain Vs Navin Kumar Upadhyay & Anr. (NCLAT Delhi)

NCLAT Delhi held that Adjudicating Authority (NCLT) directing Resolution Professional to handover the Corporate Debtor to the ex-management on account of stay of the CIRP is wholly unjustified and accordingly such direction is liable to be set aside.

Facts- The present Appeals have been filed against the two orders passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi (Court No. III) in IA No. 2403/2023 filed

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