https://www.taxtmi.com/caselaws?id=429374 The National Company Law Appellate Tribunal, Principal Bench, New Delhi, affirmed the Adjudicating Authority's order in a case involving a dispute over possession of a Mercedes Benz GL 350 CDI EXE between an Appellant and HDFC Bank. The Appellant's claim of ownership based on an Agreement was dismissed, and the Tribunal upheld the decision to hand over the vehicle to the Resolution Professional due to pending insolvency proceedings against the Corporate Debtor. The judgment considered the loan owed to HDFC Bank and supported the Resolution Professional's efforts to take possession, ultimately dismissing the appeal. en-us Fri, 21 Oct 2022 00:00:00 +0530 Sat, 22 Oct 2022 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429374 The National Company Law Appellate Tribunal, Principal Bench, New Delhi, affirmed the Adjudicating Authority's order in a case involving a dispute over possession of a Mercedes Benz GL 350 CDI EXE between an Appellant and HDFC Bank. The Appellant's claim of ownership based on an Agreement was dismissed, and the Tribunal upheld the decision to hand over the vehicle to the Resolution Professional due to pending insolvency proceedings against the Corporate Debtor. The judgment considered the loan owed to HDFC Bank and supported the Resolution Professional's efforts to take possession, ultimately dismissing the appeal. Case-Laws Insolvency and Bankruptcy Fri, 21 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429374