Can IRP dispossess a person from Corporate Debtor's property which is under litigation? - Question referred to NCLT, Principal Bench

Aditi Singh September 12 2019
Sole Proprietary Concern

The issue of whether an interim resolution professional (IRP) can dispossess a person in possession of a property owned by the Corporate Debtor when the said property is a subject matter of litigation has been referred to the Principal Bench of the National Company Law Tribunal (NCLT) by the Mumbai Bench.

The reference was made by a two-member bench of NCLT Mumbai comprising Member (Judicial) Bhaskara Pantula Mohan and Member (Technical) V Nallesenapathy in a case concerning insolvency proceedings pursuant to an application under . . .

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