Sulzer India NCLT Lease Registration Dispute Hearing

NCLT Chennai heard a dispute between Sulzer India and authorities over stamp duty for SIPCOT lease transfer under an approved resolution plan.
The Scheme Proponent argued no stamping was needed as the lease was a continuation, while the Liquidator confirmed providing required sale certificates.
SIPCOT's modified lease policy allows 24 months for implementation post-registration for NCLT-approved asset sales.
The Registration Department requested a week to file its reply, with the next hearing scheduled for April 30, 2026.