The National Company Law Appellate Tribunal (NCLAT) hears an appeal concerning the sale of a factory and residential property by Sanjay Founders Pvt. Ltd.
The appellant contests the sale of both properties, while the respondent claims the factory was sold earlier and an agreement exists for the residential property.
The tribunal directs the respondents to file an affidavit detailing the sale agreement and payments, and continues the interim order.
The matter is scheduled for further hearing on April 10, 2026, with the interim order to remain in effect.