A hospitality company owns a five-star hotel building and the land on which it stands, both registered in the company's name.
CS Professional · Insolvency and Bankruptcy - Law and Practice · PYQS · June 2026
A hospitality company owns a five-star hotel building and the land on which it stands, both registered in the company's name.
Answer & Explanation:
Since the title of the property vests in the corporate debtor, it forms part of the liquidation estate and is fully available for recovery. The liquidation estate shall comprise assets over which the corporate debtor has ownership rights, including assets that may or may not be in possession of the corporate debtor [Section 36(3) of IBC].
Topics: Insolvency and Bankruptcy Code, 2016
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