Unregistered ‘Agreement to Sell’ Does Not Bar Asset Transfer in CIRP: NCLAT [Read Order]
The principal bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that an unregistered Agreement to Sell (A2S) does not prevent recognition of asset transfer in the context of Corporate Insolvency Resolution Process (CIRP). The appeal was filed by Sunder Lal, legal heir of late Babu Lal, challenging the Chandigarh NCLT’s…

