https://www.taxtmi.com/caselaws?id=787450 A lease deed relied on in insolvency proceedings was found incapable of creating leasehold rights where the persons signing it were not shown to be authorised, so the document lacked legal sanctity and was unenforceable. The corporate debtor also failed to prove payment of the stated consideration and lease rent, as the records did not corroborate actual receipt or payment. On that basis, the disputed land could not be treated as part of the corporate debtor's assets, and its inclusion in the information memorandum and plan approval process was unsustainable. en-us Fri, 19 Sep 2025 00:00:00 +0530 Fri, 06 Mar 2026 08:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787450 A lease deed relied on in insolvency proceedings was found incapable of creating leasehold rights where the persons signing it were not shown to be authorised, so the document lacked legal sanctity and was unenforceable. The corporate debtor also failed to prove payment of the stated consideration and lease rent, as the records did not corroborate actual receipt or payment. On that basis, the disputed land could not be treated as part of the corporate debtor's assets, and its inclusion in the information memorandum and plan approval process was unsustainable. Case-Laws IBC Fri, 19 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787450