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Non Handing Over of Unit Possession Constitutes ‘Continuing Default’: NCLAT Upholds Insolvency Proceedings Against Real Estate Company [Read Order]
![Non Handing Over of Unit Possession Constitutes ‘Continuing Default’: NCLAT Upholds Insolvency Proceedings Against Real Estate Company [Read Order]](https://images.taxscan.in/h-upload/2026/09/23/2149081-non-handing-over-of-unit-possession-constitutes-continuing-default-nclat-upholds-insolvency-proceedings-against-real-estate-company-by-taxscan.webp)
NCLAT upheld CIRP as failure to hand over possession constituted continuing default and debt acknowledgment extended limitation.
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