https://www.taxtmi.com/caselaws?id=751788 The NCLAT set aside the NCLT order allowing the Resolution Professional to inspect premises owned by the Appellant. The court found that the lease deed between the Appellant and FSWL expired on 14.11.2021 without proper extension documentation. The purported assignment of lease to the Corporate Debtor (FRL) was disputed, and no evidence established the Corporate Debtor's possession at CIRP commencement on 27.02.2022. Since the property was owned by a third party (Appellant) and not in Corporate Debtor's possession, it fell outside CIRP scope and moratorium protection under Section 18 explanation clause of IBC. Appeal allowed. en-us Tue, 23 Apr 2024 00:00:00 +0530 Thu, 25 Apr 2024 07:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751788 The NCLAT set aside the NCLT order allowing the Resolution Professional to inspect premises owned by the Appellant. The court found that the lease deed between the Appellant and FSWL expired on 14.11.2021 without proper extension documentation. The purported assignment of lease to the Corporate Debtor (FRL) was disputed, and no evidence established the Corporate Debtor's possession at CIRP commencement on 27.02.2022. Since the property was owned by a third party (Appellant) and not in Corporate Debtor's possession, it fell outside CIRP scope and moratorium protection under Section 18 explanation clause of IBC. Appeal allowed. Case-Laws Insolvency and Bankruptcy Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751788