https://www.taxtmi.com/caselaws?id=457936 The NCLT Kolkata held that an unregistered Framework Agreement dated 29th March, 2007 cannot determine leasehold rights of the Corporate Debtor regarding 3.5 acres of land for inclusion in the Information Memorandum during CIRP proceedings. The Tribunal ruled that the unregistered Framework Agreement, being merely an expression of interest to execute a lease deed, neither creates nor extinguishes any rights in the subject property. The original registered Lease Deed dated 31st March, 2007 governs the leasehold rights, not the prior unregistered agreement. The application was dismissed. en-us Thu, 04 Jan 2024 00:00:00 +0530 Mon, 30 Sep 2024 20:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457936 The NCLT Kolkata held that an unregistered Framework Agreement dated 29th March, 2007 cannot determine leasehold rights of the Corporate Debtor regarding 3.5 acres of land for inclusion in the Information Memorandum during CIRP proceedings. The Tribunal ruled that the unregistered Framework Agreement, being merely an expression of interest to execute a lease deed, neither creates nor extinguishes any rights in the subject property. The original registered Lease Deed dated 31st March, 2007 governs the leasehold rights, not the prior unregistered agreement. The application was dismissed. Case-Laws Companies Law Thu, 04 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457936