https://www.taxtmi.com/caselaws?id=772426 The NCLAT dismissed an appeal concerning possession of 'MB International' hotel. The appellant sought to continue possession beyond the six-year term of a Conducting Agreement dated 03.07.2017, which expired on 07.08.2023. The NCLAT held that the moratorium under Section 14 following commencement of CIRP in 2022 did not extend the agreement term or create entitlement to continued possession. The appellant's expectation of extension under clause 28 was misplaced, and having no lawful right to possession post-expiry, eviction was warranted. The Adjudicating Authority's reasoning was upheld. en-us Fri, 30 May 2025 00:00:00 +0530 Mon, 09 Jun 2025 07:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772426 The NCLAT dismissed an appeal concerning possession of 'MB International' hotel. The appellant sought to continue possession beyond the six-year term of a Conducting Agreement dated 03.07.2017, which expired on 07.08.2023. The NCLAT held that the moratorium under Section 14 following commencement of CIRP in 2022 did not extend the agreement term or create entitlement to continued possession. The appellant's expectation of extension under clause 28 was misplaced, and having no lawful right to possession post-expiry, eviction was warranted. The Adjudicating Authority's reasoning was upheld. Case-Laws IBC Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772426