NCLAT Dismisses Appeal [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that unregistered documents, including a Memorandum of Deposit of Title Deeds (MoDT), cannot create a valid security interest to retain title deeds of a corporate debtor‘s property during liquidation proceedings. Mr. V. Jaisankar, the appellant, filed Company Appeal challenging the order of the National Company Law…

