Tag: resolution professional powers

NCLAT rules developer has no ownership rights in Ananta Residencies but may complete construction during CIRP.

Editor Commissions, Forums & Tribunals May 26, 2026

NCLAT National Company Law Appellate Tribunal

May 25, 2026 : In a significant ruling on the intersection of real estate development agreements and insolvency proceedings, the National Company Law Appellate Tribunal (NCLAT) has held that a developer engaged to complete a real estate project cannot claim Read more…

NCLT Mumbai: Liquidator Cannot Claim Third-Party Assets; Protects Possession of Allotted Shop in Sanghvi Land Case

Team Law Notify Commissions, Forums & Tribunals April 8, 2026

NCLT _ National Company Law Tribunal _ LawNotify

April 7, 2026 : The Mumbai Bench-I of the National Company Law Tribunal has clarified that insolvency professionals cannot assume control over assets that do not belong to the corporate debtor, even if such assets appear in its records. The Read more…