NCLAT upholds liquidator's right to evict related-party 'tenants' from corporate debtor's property
The National Company Law Appellate Tribunal (NCLAT) upheld a liquidator's authority to evict related-party tenants from a corporate debtor's property without rent-control proceedings. The tribunal dismissed appeals from Duke Fashions and UV&W Products, affirming that their unregistered leases were inadmissible. This ruling reinforces the liquidator's mandatory duty under the Insolvency and Bankruptcy Code, impacting corporate insolvency processes.