https://www.taxtmi.com/caselaws?id=450409 The NCLAT dismissed an appeal challenging an eviction order directing handover of premises within 15 days. The appellant argued eviction jurisdiction vested with the Small Causes Court under the Presidency Small Causes Courts Act, 1882. The NCLAT held that where the corporate debtor has ownership rights over premises, the IRP/RP can take control, and NCLT has jurisdiction under Section 60(5) of IBC to pass eviction orders regarding corporate debtor's assets. The tribunal rejected arguments about failed auction attempts, noting possession by the appellant may deter potential purchasers. en-us Fri, 01 Mar 2024 00:00:00 +0530 Tue, 05 Mar 2024 08:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450409 The NCLAT dismissed an appeal challenging an eviction order directing handover of premises within 15 days. The appellant argued eviction jurisdiction vested with the Small Causes Court under the Presidency Small Causes Courts Act, 1882. The NCLAT held that where the corporate debtor has ownership rights over premises, the IRP/RP can take control, and NCLT has jurisdiction under Section 60(5) of IBC to pass eviction orders regarding corporate debtor's assets. The tribunal rejected arguments about failed auction attempts, noting possession by the appellant may deter potential purchasers. Case-Laws Insolvency and Bankruptcy Fri, 01 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450409