NCLT Mumbai disposes of an application filed by Jyot Fashions and others seeking disclosure of their tenancy rights in Sunblink Real Estate's CIRP.
The tribunal directs the Resolution Professional to verify and disclose any tenancy rights to prospective resolution applicants for proper consideration in the resolution plan.
The order clarifies that applicants, as tenants, are not entitled to attend CoC meetings or access confidential plan details, but their rights must be fairly presented.
The Resolution Professional must inform the applicants within 15 days if their claimed tenancy rights are disputed, providing reasons for any disagreement.