NCLAT Sets Aside NCLT Order in MSX Mall Dispute

The NCLAT set aside an NCLT order that directed the Successful Resolution Applicants of MSX Mall to execute a conveyance deed for a commercial space buyer.
The dispute centers on payment for an enhanced area of 154 sq ft; the buyer claims full payment via rent adjustment, while the SRAs deny.
The NCLAT found the NCLT order non-speaking and lacking reasoning, so it remanded the case for a fresh, reasoned order.