The New Delhi National Company Law Appellate Tribunal (NCLAT) on 21 August held that an order directing inspection and measurement of property claimed to form part of a corporate debtor’s liquidation estate does not affect disputed ownership or possessory rights when the inspection is limited to identifying and segregating the corporate debtor’s property.
A Bench of Judicial Member Justice Mohd Faiz Alam Khan and Technical Member Naresh Salecha held that the National Company Law Tribunal (NCLT), Mumbai Bench had only directed inspection and measurement of the property and dismissed the appeal filed by Middle East Management Services LLP and its partner. It observed:
“Therefore, so far as the ownership or possessory rights of the…