Sudha Apparels Ltd. (Appellant), owner of a property, leased it to M/s Home Solutions Retail India Ltd. The lessee entity later became Future Retail India Ltd. (Corporate Debtor). The lease agreement allowed termination for two consecutive months of rent default. Alleging non-payment of rent since February 2022, the Appellant issued a rectification notice on March 9, 2023, followed by a termination notice on April 14, 2023. Subsequently, on May 4, 2023, the Corporate Insolvency Resolution Process (CIRP) commenced against the Corporate Debtor. The Appellant filed an application (IA No.4147/2023) before the National Company Law Tribunal (NCLT), Mumbai, seeking vacant and physical possession of the leased property. The NCLT dismissed this application via an order dated

Sudha Apparels Ltd. (Appellant), owner of a property, leased it to M/s Home Solutions Retail India Ltd. The lessee entity later became Future Retail India Ltd. (Corporate Debtor). The lease agreement allowed termination for two consecutive months of rent default. Alleging non-payment of rent since February 2022, the Appellant issued a rectification notice on March 9, 2023, followed by a termination notice on April 14, 2023. Subsequently, on May 4, 2023, the Corporate Insolvency Resolution Process (CIRP) commenced against the Corporate Debtor. The Appellant filed an application (IA No.4147/2023) before the National Company Law Tribunal (NCLT), Mumbai, seeking vacant and physical possession of the leased property. The NCLT dismissed this application via an order dated