The Petitioner, Darshan Mandir Co-operative Housing Society Limited, challenged an order by the Competent Authority that rejected its application for deemed conveyance. The rejection was based on the pendency of Corporate Insolvency Resolution Proceedings (CIRP) against Respondent No.4 (M/s. Vas Infrastructure Ltd), who had allegedly acquired the property from the original promoter (Respondent No.3). A moratorium under Section 14 of the IBC was in effect against Respondent No.4.
Darshan Mandir Co-operative Housing Society Limited (Petitioner) challenged an order dated 4 September 2025.
The order was passed by the District Deputy Registrar, Co-operative Societies, Mumbai City (4) and Competent Authority.
The order rejected Application No. 87 of 2025 for deemed conveyance of land and building under Section 11 of MOFA.
The rejection was due to the pendency of Corporate Insolvency Resolution Proceedings (CIRP) against Respondent No.4.
The Competent Authority granted liberty to the Petitioner to file a fresh application upon conclusion of CIRP or NCLT leave.
The Petitioner is a cooperative housing society formed and registered under the Maharashtra Co-operative Societies Act, 1960.
M/s. Gautam Builders (India) was the original owner of the property.
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The Petitioner, Darshan Mandir Co-operative Housing Society Limited, challenged an order by the Competent Authority that rejected its application for deemed conveyance. The rejection was based on the pendency of Corporate Insolvency Resolution Proceedings (CIRP) against Respondent No.4 (M/s. Vas Infrastructure Ltd), who had allegedly acquired the property from the original promoter (Respondent No.3). A moratorium under Section 14 of the IBC was in effect against Respondent No.4.
Darshan Mandir Co-operative Housing Society Limited (Petitioner) challenged an order dated 4 September 2025.
The order was passed by the District Deputy Registrar, Co-operative Societies, Mumbai City (4) and Competent Authority.
The order rejected Application No. 87 of 2025 for deemed conveyance of land and building under Section 11 of MOFA.
The rejection was due to the pendency of Corporate Insolvency Resolution Proceedings (CIRP) against Respondent No.4.
The Competent Authority granted liberty to the Petitioner to file a fresh application upon conclusion of CIRP or NCLT leave.
The Petitioner is a cooperative housing society formed and registered under the Maharashtra Co-operative Societies Act, 1960.
M/s. Gautam Builders (India) was the original owner of the property.
…Development Agreement (DA) executed between M/s.…
Intimation of…