NCLAT upheld NCLT order dismissing State of Chhattisgarh's application to recall asset transfer directive.
Appeal challenged NCLT's quashing of state's land attachment and auction of Sunshine Hi-Tech Infracon property.
Tribunal found state's actions violated IBC moratorium, ordering land possession handover to liquidator within 15 days.
State offered compliance but faces pending contempt proceedings for previous non-adherence to NCLT order.