NCLAT Upholds SMRC's Lease Rental Share Claim

NCLAT dismissed an appeal by a resolution professional against an order directing payment of a partner's share from lease rentals.
The dispute centered on a ₹1.64 crore payment made by lessee Qwik Supply Chain to corporate debtor Sri Balaji Logistics.
The tribunal upheld that the payment included the share of partner SMRC Logistic, as evidenced by the lease deed and tax documents.
The ruling reinforces that payments under a lease agreement must honor the contractual split between entitled parties.