NCLAT hears appeal from JSM Devcons India's resolution professional over unpaid land sale proceeds from respondent Vijay Mundra.
Respondent claims payment was made to another group company of the appellant, which underwent separate CIRP successfully.
Appellant argues sold plot was mortgaged with transfer prohibition clause, raising legal questions on mortgage deed validity.
Tribunal directs both parties to submit written notes of submissions, adjourns hearing to July 27, 2026.