Supreme Court backs owner, orders return of leased property, suspended Director’s objection quashed.
The Supreme Court restored NCLT’s order, directing that possession of the disputed property be returned to the appellants, as neither the CoC nor the resolution professional wanted to retain it. Objections by the suspended director were dismissed as baseless and not in the corporate debtor’s financial interest.
Court:
Supreme Court of India
Case:
Sincere Securities Private Limited & Ors. vs. Chandrakant Khemka & Ors., Civil Appeal No. 12812 of 2024
Date Of Judgement:
05 August 2025
Act:
Insolvency and Bankruptcy Code, 2016