M/s Bulland Realtors Private Limited, a real estate company, was allotted a plot by respondent no.2 under a tripartite sub-lease. The company defaulted on lease rent payments, leading to the cancellation of the sub-lease by respondent no.3. A financial creditor, Nimble Credit Cooperative Society Limited, initiated CIRP against the company under Section 7 of IBC. An Interim Resolution Professional was appointed, and claims were invited from creditors. The Committee of Creditors (CoC) was constituted, and a resolution plan submitted by respondent no.4 was approved by the CoC and placed before the NCLT for approval.
Bulland Realtors Private Limited is a real estate company incorporated in 2013.
The company was allotted a plot no.GH-02B-1, Sector 10, Greater Noida, Gautam Buddh Nagar, under a tripartite sub-lease dated 01.07.2014.
The company defaulted in payment of lease rent, leading to the cancellation of the sub-lease.
Nimble Credit Cooperative Society Limited filed a petition under Section 7 of IBC against the company.
An Interim Resolution Professional was appointed on 31.07.2023.
The Committee of Creditors (CoC) was constituted on 01.09.2023.
A resolution plan submitted by respondent no.4 was approved by the CoC on 28.03.2024 and placed before the NCLT for approval.
The Resolution Professional challenged the order cancelling the lease deed.
…Sign in to view the parties.
Tripartite sub-lease executed between respondent…
Possession of the plot…
M/s Bulland Realtors Private Limited, a real estate company, was allotted a plot by respondent no.2 under a tripartite sub-lease. The company defaulted on lease rent payments, leading to the cancellation of the sub-lease by respondent no.3. A financial creditor, Nimble Credit Cooperative Society Limited, initiated CIRP against the company under Section 7 of IBC. An Interim Resolution Professional was appointed, and claims were invited from creditors. The Committee of Creditors (CoC) was constituted, and a resolution plan submitted by respondent no.4 was approved by the CoC and placed before the NCLT for approval.
Bulland Realtors Private Limited is a real estate company incorporated in 2013.
The company was allotted a plot no.GH-02B-1, Sector 10, Greater Noida, Gautam Buddh Nagar, under a tripartite sub-lease dated 01.07.2014.
The company defaulted in payment of lease rent, leading to the cancellation of the sub-lease.
Nimble Credit Cooperative Society Limited filed a petition under Section 7 of IBC against the company.
An Interim Resolution Professional was appointed on 31.07.2023.
The Committee of Creditors (CoC) was constituted on 01.09.2023.
A resolution plan submitted by respondent no.4 was approved by the CoC on 28.03.2024 and placed before the NCLT for approval.
The Resolution Professional challenged the order cancelling the lease deed.
…Tripartite sub-lease executed between respondent…
Possession of the plot…