https://www.taxtmi.com/caselaws?id=752225 In liquidation proceedings, the adjudicating forum may direct an occupant to vacate corporate debtor premises where the registered lease has expired by efflux of time and no lawful extension exists; the liquidator was therefore entitled to seek possession and incidental rent arrears for completion of liquidation. A third party bank holding only a pari passu charge over the superstructures, with the asset already forming part of the liquidation estate, was not a necessary or proper party because its presence was not indispensable to decide eviction from the land. The impugned orders were upheld in substance and the appellant was required to hand over possession. en-us Mon, 29 Apr 2024 00:00:00 +0530 Sun, 05 May 2024 23:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752225 In liquidation proceedings, the adjudicating forum may direct an occupant to vacate corporate debtor premises where the registered lease has expired by efflux of time and no lawful extension exists; the liquidator was therefore entitled to seek possession and incidental rent arrears for completion of liquidation. A third party bank holding only a pari passu charge over the superstructures, with the asset already forming part of the liquidation estate, was not a necessary or proper party because its presence was not indispensable to decide eviction from the land. The impugned orders were upheld in substance and the appellant was required to hand over possession. Case-Laws Insolvency and Bankruptcy Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752225