https://www.taxtmi.com/caselaws?id=770874 NCLAT Principal Bench dismissed appeal challenging Adjudicating Authority's order directing handover of corporate debtor's assets to IRP. Appellants occupied two flats owned by corporate debtor and resisted IRP's possession application. Court held IRP's application was maintainable as flats belonged to corporate debtor and IRP had obligation to take possession of all assets. Ten-month notice period had expired, appellants had no right to continue possession, and board resolution did not confer right to resist handover. Appeal dismissed with direction to vacate premises. en-us Thu, 15 May 2025 00:00:00 +0530 Sat, 17 May 2025 08:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770874 NCLAT Principal Bench dismissed appeal challenging Adjudicating Authority's order directing handover of corporate debtor's assets to IRP. Appellants occupied two flats owned by corporate debtor and resisted IRP's possession application. Court held IRP's application was maintainable as flats belonged to corporate debtor and IRP had obligation to take possession of all assets. Ten-month notice period had expired, appellants had no right to continue possession, and board resolution did not confer right to resist handover. Appeal dismissed with direction to vacate premises. Case-Laws IBC Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770874