https://www.taxtmi.com/caselaws?id=778678 NCLAT dismissed the appeal and upheld the NCLT order directing transfer of actual possession of the corporate debtor's assets to the IRP/RP, rejecting the appellant's request for only symbolic possession. The Tribunal held Section 18 mandates the IRP take control of assets in which the corporate debtor has ownership, and granting symbolic possession would defeat the purpose of CIRP under Section 10. No legal or factual error was found in the impugned order, so the appeal was dismissed. en-us Thu, 18 Sep 2025 00:00:00 +0530 Sat, 20 Sep 2025 08:38:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778678 NCLAT dismissed the appeal and upheld the NCLT order directing transfer of actual possession of the corporate debtor's assets to the IRP/RP, rejecting the appellant's request for only symbolic possession. The Tribunal held Section 18 mandates the IRP take control of assets in which the corporate debtor has ownership, and granting symbolic possession would defeat the purpose of CIRP under Section 10. No legal or factual error was found in the impugned order, so the appeal was dismissed. Case-Laws IBC Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778678