# In the matter of Educomp Infrastructure & School Management Limited

> NCLT judgment dated 2025-07-01. Citation: TCN-2025-NCLT-00850. Jasrati Education Solutions Limited, the applicant (formerly Educomp Infrastructure & School…

- **Court:** NCLT
- **Order date:** 1 Jul 2025
- **Citation:** TCN-2025-NCLT-00850
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/educomp-infrastructure-school-management-limited-156c8208

## Summary

### Background

Jasrati Education Solutions Limited, the applicant (formerly Educomp Infrastructure & School Management Limited), filed an application seeking directions against the respondents for registration of a sale deed/transfer deed for agricultural land. The applicant is under the control of the Successful Resolution Applicant (SRA), Mr. Paramjit Gandhi, as per the approved Resolution Plan.

## Facts

The applicant, Jasrati Education Solutions Limited, is seeking directions for the registration of a sale deed/transfer deed for agricultural land.

The land in question was originally owned by multiple sellers who entered into MOUs and Agreements to Sell with OSN Infrastructure.

The sellers executed General Power of Attorneys (GPAs) in favor of Respondent No. 2, authorizing him to execute the sale deed.

OSN Infrastructure transferred its rights, title, and interest in the land to the Corporate Debtor through a Deed of Assignment.

The Corporate Debtor went into CIRP, and a Resolution Plan was approved, including the subject land as an asset.

Respondent No. 2 has refused to execute the sale deed, citing ongoing criminal proceedings.

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## Issues and analysis

### Issue 1: Whether Respondent No. 2's refusal to …

**Ratio:** Respondent No. 2's refusal is untenable because he is merely a power of attorney holder

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**Reasoning:** The Tribunal found that Respondent No. 2's concerns regarding ongoing investigations are

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**Interpretation:** The Tribunal interpreted that Respondent No. 2's refusal is based on

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**Application:** The Tribunal applied the principle that the directions issued by the

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## Parties

- **Judges:** Harnam Singh…; SHISHIR A…
- **Appellants:** Jasrati Education…
- **Respondents:** Educomp Infrastruc…; M/S OSN Infrastruc…; +3 more
- **Advocates:** Arora Vishwas…; Aman Ka…; +5 more

## Timeline

- **2011-01-10 — MOUs…**: Each of the Sellers had entered into various Memorandums of Understanding all dated…
- **2011-03-16 — Agreements…**: Each of the Sellers had entered into various Agreements to Sell, all dated March 16,…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33 — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

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