NCLT Rules Appellants Secured Creditors in Brajesh Construction Liquidation

NCLT Mumbai Bench partially allows appeal by three entities against Liquidator's decision, granting them secured creditor status for Rs 17.5 crores paid for Corporate Debtor's property.
Tribunal recognizes statutory charge under Transfer of Property Act Section 55(6)(b) but rejects interest claims totaling Rs 35.13 crores due to absence of contractual provision.
Liquidator directed to update stakeholders list and reconstitute Consultation Committee to reflect appellants' secured status for their principal claim amount.