NCLT Dismisses Sova Electrocasting Jurisdiction Challenge

NCLT Kolkata dismisses Sova Electrocasting's application challenging jurisdiction in Ankit Metal & Power Ltd CIRP lease dispute.
Tribunal directs Sova Electrocasting to pay ₹88.05 lakh outstanding lease rentals and vacate premises within two weeks.
NCLT affirms jurisdiction under Section 60(5) of IBC for matters affecting corporate debtor's asset control during CIRP.
Police directed to assist Resolution Professional in taking physical possession of the leased plant premises in Bankura.