National Company Law Appellate Tribunal
Manish Kapoor VS SRI. SURENDER DEVASANI on 7 October 2026
NATIONAL COMPANY LAW APPELLATE TRIBUNAL
AT CHENNAI
(APPELLATE JURISDICTION)
Company Appeal (AT) (CH) (Ins) No. 484/2026
(IA Nos. 1376 & 1377/2026)
In the matter of:
Sri Manish Kapoor
Oberoi Exquisite B 2302,
Aba Karmakar Road,
Behind Oberoi Mall, Goregaon East,
Mumbai, Maharashtra - 400063.
… Appellant
Vs
Mr. Surender Devasani, Liquidator of
M/s. Vikram Structures Private Limited
1st and 2nd Floor, No. 14, Sankey Road,
Sadashivnagar, Bangalore - 560080. … Respondent No. 1
Vikram Structures Private Limited
1st and 2nd Floor, No. 14, Sankey Road,
Sadashivnagar, Bangalore - 560080.
Represented by its Promoter
Mr. Vikram Prabhakar … Respondent No. 2
Present :
For Appellant
: Ms. Deepika Murali, Advocate
For Respondents : Mr. V. Shree Kumar, Advocate for R1
Mr. Abhijit Atur & Ms. Siva Tejaswini, Advocates for R2
Mr. Surender Devasani, Liquidator / R1
O R D E R
(Hybrid Mode)
Justice N. Seshasayee, Member (Judicial) 07.10.2026: The corporate debtor / auction purchaser has filed an affidavit that it is ready to deliver possession and the affidavit is recorded. After
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all, the grievance of the appellant is that he is not given possession of the commercial space which he has purchased from the corporate debtor sometime in the year 2019, which the corporate debtor is now ready to deliver possession, and nothing should survive in this appeal.
2. The learned counsel for the appellant seeks some time to inspect the property before taking delivery. The appellant is informed that we are not any execution court, for executing a decree of any civil court. Having said that, if the property is not delivered as promised to the appellant under the sale deed, the appellant shall have the right to approach this tribunal again. For the present, we close this appeal granting liberty to the appellant to revive this appeal if the property, which is going to be given possession of by the auction purchaser, is not the property that he has purchased.
3. Accordingly, the appeal is disposed of. No costs.
[Justice N. Seshasayee] Member (Judicial)
[Jatindranath Swain] Member (Technical)
AR/AA/MS
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