The case pertains to Company Appeal (AT) (Insolvency) No. 466 of 2024. An application under Section 9 was filed for a principal amount of Rs. 1,97,78,222. The appellant offered Rs. 3.2 Crores before the Adjudicating Authority, but it was not accepted by the respondent. The appellant is willing to deposit Rs. 3.2 Crores in the Court.
The appellant, Amulya Kumar Mishra, filed an application under Section 9 for a principal amount of Rs. 1,97,78,222. The appellant offered Rs. 3.2 Crores to the Adjudicating Authority, but the respondent, Splendor Landbase Ltd. & Anr., did not accept it. The appellant is now willing to deposit Rs. 3.2 Crores in the Court. The court ordered the appellant to deposit the principal amount within one week and the remaining amount of Rs. 3.2 Crores within two weeks in the form of an interest-bearing FDR in the name of the Registrar, NCLAT. Homebuyers are granted liberty to file an Intervention Application within one week. The case is listed for further hearing on 03.04.2024.
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Court directs appellant to deposit principal…
Appeal list…
The case pertains to Company Appeal (AT) (Insolvency) No. 466 of 2024. An application under Section 9 was filed for a principal amount of Rs. 1,97,78,222. The appellant offered Rs. 3.2 Crores before the Adjudicating Authority, but it was not accepted by the respondent. The appellant is willing to deposit Rs. 3.2 Crores in the Court.
The appellant, Amulya Kumar Mishra, filed an application under Section 9 for a principal amount of Rs. 1,97,78,222. The appellant offered Rs. 3.2 Crores to the Adjudicating Authority, but the respondent, Splendor Landbase Ltd. & Anr., did not accept it. The appellant is now willing to deposit Rs. 3.2 Crores in the Court. The court ordered the appellant to deposit the principal amount within one week and the remaining amount of Rs. 3.2 Crores within two weeks in the form of an interest-bearing FDR in the name of the Registrar, NCLAT. Homebuyers are granted liberty to file an Intervention Application within one week. The case is listed for further hearing on 03.04.2024.
Court directs appellant to deposit principal…
Appeal list…