Can a flat, without a conveyance deed but based solely on the registered Agreement for Sale and full payment made by the homebuyers prior to commencement of CIRP, be excluded from the assets of the Corporate Debtor? – Mr. Rajkumar Jhawar and Anr. Vs. Mr. Arun Kapoor RP of Monarch Brookfields LLP and Ors. – NCLT Mumbai Bench

Hon’ble NCLT Mumbai Bench held that the contention of Applicants claiming marketable title to the said Flat without a conveyance deed but based on the Agreement for sale solely because the document is registered and full payment has been made is totally unsustainable.

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