NCLAT dismissed Gondwana Engineers' appeal against NCLT order including Sigma-9 property in Doshion Pvt Ltd's liquidation estate.
Tribunal ruled IDBI Bank and Bank of Baroda's 2013 charge held priority over Bank of Maharashtra's 2015 mortgage on the property.
Appellant's assignees failed to exercise Section 52 option within 30-day timeline, causing security interest to lapse into estate under Regulation 21A.
Liquidator directed to take custody of original title deeds for the Ahmedabad property valued in crores.