The valuation is challenged on the ground that valuers have proceeded on the basis of wrong assumption that the land in question is Agricultural in nature. Whereas, it is an industrial land – Mr. Karan Gambhir (Ex-Director, Forgings Pvt. Ltd.) Vs. Mr. Sajeve Bhushan Deora (Liquidator for Forgings Pvt. Ltd.) – NCLAT New Delhi

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