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    <title>2025 (4) TMI 1195 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , CHENNAI</title>
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    <description>Claims based on an unregistered agreement for sale concerning immovable property could not be enforced in insolvency proceedings without a registered conveyance or proof of possession. Because Section 17 and Section 49 of the Registration Act, 1908 and Section 54 of the Transfer of Property Act, 1882 barred reliance on the unregistered document to establish title or contractual rights in the property, the demands for property tax reimbursement, maintenance, common facilities, office accommodation, and execution of sale deeds were not treated as legally due debts. The execution of sale deeds was also characterised as a civil dispute outside insolvency claims. The rejection of the claims was sustained, except for the corpus fund balance already admitted.</description>
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      <description>Claims based on an unregistered agreement for sale concerning immovable property could not be enforced in insolvency proceedings without a registered conveyance or proof of possession. Because Section 17 and Section 49 of the Registration Act, 1908 and Section 54 of the Transfer of Property Act, 1882 barred reliance on the unregistered document to establish title or contractual rights in the property, the demands for property tax reimbursement, maintenance, common facilities, office accommodation, and execution of sale deeds were not treated as legally due debts. The execution of sale deeds was also characterised as a civil dispute outside insolvency claims. The rejection of the claims was sustained, except for the corpus fund balance already admitted.</description>
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