West Bengal Housing Infrastructure Development Corporation Limited v. Kshitiz Chhawchharia, Liquidator, REEDLAW 2025 NCLAT Del 10564

REEEDLAW Legal News Network | Published on: 9 February 2026 | 🔗 Find Shareable Link

The REEDLAW Legal News Network reports:

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Leasehold rights validly transferred to a corporate debtor through a duly approved and rectified amalgamation scheme, coupled with the lessor’s implied consent and absence of lawful determination of lease, constitute intangible assets of the corporate debtor, fall within the liquidation estate under Section 36 of the Insolvency and Bankruptcy Code, 2016, and may be validly controlled and sold by the Liquidator, notwithstanding continued ownership of land with the lessor.

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