NCLAT Allows Lessee Time Until Sept 15, 2025 to Vacate Premises with Rent and Compliance Conditions

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Full Text of the Document

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....The NCLAT upheld the impleadment of the appellant as a party, recognizing their possession of the premises as lessee under the lease deed. The appellants were granted time until 15.09.2025 to vacate the premises, considering the substantial material, including glass, requiring careful removal and ongoing monsoon conditions. They must pay rent for the first 15 days of September 2025 by 03.09.2025, as per the earlier order. Any breach of the undertaking will result in contempt proceedings and eviction through police force. The amounts deposited from August 2024 to August 2025 shall be released by the Pay & Accounts Officer, Ministry of Corporate Affairs, to the Resolution Professional upon proper identification, along with rent due for 01.09.2025 to 15.09.2025. The appeal was accordingly disposed of.....