# In the matter of Late Babu Lal Through Its Legal Heir Mr. Sunder Lal vs. Jasrati Education Solutions Ltd. and Ors.

> NCLAT judgment dated 2025-10-15. Citation: TCN-2025-NCLAT-00543. The appeal arises from an order directing the appellant and Respondent No. 3 to execute sale…

- **Court:** NCLAT
- **Order date:** 15 Oct 2025
- **Citation:** TCN-2025-NCLAT-00543
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/late-babu-lal-through-its-legal-heir-mr-sunder-lal-vs-jasrati-education-solution-f7f1558a

## Summary

### Background

The appeal arises from an order directing the appellant and Respondent No. 3 to execute sale deeds in favor of Respondent No. 1 (Jasrati Education Solutions Ltd.). The appellant, legal heir of Late Babu Lal, claims the order violates natural justice as he was not a party to the proceedings.

## Facts

Late Babu Lal and his sons entered into MOUs with OSN Infrastructure for sale of land in 2010.

Agreements to Sell (A2S) were executed in 2011 but were not registered.

Babu Lal and others granted a Power of Attorney (POA) to Shonu Chandra in 2011.

OSN assigned its rights to Educomp Infrastructure & School Management Ltd. (Corporate Debtor).

Babu Lal died in 2017.

The Corporate Debtor entered CIRP in 2018.

Jasrati Education Solutions Ltd. emerged as the Successful Resolution Applicant (SRA).

The SRA sought execution of the sale deed, which Shonu Chandra refused.

The Adjudicating Authority directed Shonu and legal heirs to execute the sale deed.

The Appellant claims the POA terminated on Babu Lal's death and the A2S was unregistered.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority had …

**Ratio:** Section 60(5) of the IBC grants the Adjudicating Authority wide jurisdiction over matters

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**Reasoning:** The implementation of the resolution plan and perfecting the title of the SRA over the

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**Interpretation:** The Adjudicating Authority can adjudicate disputes related to the insolvency

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**Application:** The Adjudicating Authority's direction to execute the Sale Deed was within its

…

## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Sunder…
- **Respondents:** Educomp Infrastruc…; Jasrati Education…; +5 more
- **Advocates:** Anil K.…; Mudit Ru…; +9 more

## Timeline

- **2010-08-25 — MoU…**: Late Babu Lal and his four sons had entered into separate Memorandums of Understanding…
- **2011-03-16 — Agreement t…**: Each of the five sellers executed Agreement to Sell (“A2S” in short) on 16.03.2011 with…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61(1) — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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