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NATIONAL COMPANY LAW TRIBUNAL
Brajendra Mani Tripathi, Judicial Member, Man Mohan Gupta, Technical Member
Piyush Jain – Appellant
Versus
Chhaya Gupta – Respondent
| Table of Content |
|---|
| 1. application seeks plot exclusion and claim admission. (Para 1 , 2) |
| 2. applicant claims ownership via pre-cirp registered sale deed. (Para 3) |
| 3. rp alleges premature registries and third-party payments. (Para 4) |
| 4. rejoinder defends bona fide purchase, objects rp delays. (Para 5) |
| 5. court notes admitted sale deed, frames adjudication issues. (Para 6 , 7 , 8 , 9) |
| 6. section 18 excludes third-party assets from rp custody. (Para 10 , 11 , 12) |
| 7. registered sale deeds confer absolute title to allottees. (Para 13 , 14 , 15) |
| 8. full payment enables possession handover during cirp. (Para 16 , 17) |
| 9. rp must verify specific mortgage status on plots. (Para 18 , 19 , 20) |
| 10. registered deeds presume validity; fraud needs proof. (Para 21 , 22) |
| 11. prior registered mortgage prevails over subsequent sale. (Para 23) |
| 12. prima facie payment evidence; rp to verify further. (Para 24 , 25) |
| 13. rp to verify claim, handover possession subject to mortgage. (Para 26) |
Mr. Man Mohan Gupta, Hon’ble Member (T)
Appearance:
For the Applicant : Ms. Teena Saraswat Pandey, PCA For the Respondent : Mrs. Chhaya Gupta, RP O R D E R
1. The present Application, filed on 16.05.2024, under Section 60(5) of the Insolv
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