Ajay Singal filed an appeal against Gaurav Katiyar, the Interim Resolution Professional of GRJ Distributers and Developers Pvt. Ltd. & Ors. The appellant is disputing the findings of the Adjudicating Authority at paragraph 7 of the Impugned Order, specifically regarding the threshold limit of 10%. The appellant claims the case was incorrectly crossed over because it is less than the threshold limit. The respondent argues that the Adjudicating Authority's observation that the total unit in the project cross 338 limits and the Financial Creditors have crossed the threshold limit of 10% is correct. The CoC is not constituted and a SARFAESI charge is pending on the subject property.

Ajay Singal filed an appeal against Gaurav Katiyar, the Interim Resolution Professional of GRJ Distributers and Developers Pvt. Ltd. & Ors. The appellant is disputing the findings of the Adjudicating Authority at paragraph 7 of the Impugned Order, specifically regarding the threshold limit of 10%. The appellant claims the case was incorrectly crossed over because it is less than the threshold limit. The respondent argues that the Adjudicating Authority's observation that the total unit in the project cross 338 limits and the Financial Creditors have crossed the threshold limit of 10% is correct. The CoC is not constituted and a SARFAESI charge is pending on the subject property.