2025 (7) TMI 489 - SCH - IBC

Direction to hand over the possession of a certain hotel building that goes by the name MB International - entitlement to continue possession of the hotel property beyond the stipulated six-year term under the Conducting Agreement dated 03.07.2017 - it was held by NCLAT that It is not in dispute that the term of the agreement has expired on 07.08.2023 wherein after the appellant ceased to have any lawful right to be in possession. Necessarily he is liable to be evicted and hence this Tribunal does not consider that the line of reasoning of the Adjudicating Authority is flawed. HELD THAT - It is not required to interfere with the impugned order passed by the National Company Law Appellate Tribunal Principal Bench New Delhi - appeal disposed off.

Summary

The Supreme Court, in a partial bench comprising Hon'ble Justices K.V. Viswanathan and Nongmeikapam Kotiswar Singh, declined to interfere with the impugned order dated 30.05.2025 passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Insolvency) No. 798 of 2025. The appellant requested a week's time to hand over the property to the successful resolution applicant (respondent no.1), which was unopposed by the respondents. The Court granted the appellant one week to comply with the order of the adjudicating authority as affirmed by the NCLAT. The appeal was disposed of accordingly, and any pending applications were also disposed.