This is a Company Appeal (AT) (Insolvency) No. 35 of 2019. Anil Kumar Tulsiani, Director of ‘Sunshine Infraheights Private Limited’ (Corporate Debtor), filed an appeal against the order dated 17th December, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench. The Adjudicating Authority admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Respondents, Rakesh Kumar Gupta and Ms. Swati Goel.
Anil Kumar Tulsiani, Director of Sunshine Infraheights Private Limited (Corporate Debtor), appealed against the Adjudicating Authority's order admitting an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Rakesh Kumar Gupta and Ms. Swati Goel (Respondents). The Corporate Debtor argued no default occurred, claiming readiness to execute sale deeds for three plots upon full payment, with stamp papers already procured. The Corporate Debtor contended that the allottees (Respondents) had not paid the full amount, and the Adjudicating Authority failed to consider the Corporate Debtor's plea. The NCLAT noted that the parties had settled the matter, with alternative plots allotted to the Respondents. The Interim Resolution Professional appeared,
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Adjudicating Authority (National Company Law…
Anil Kumar Tulsiani, Director of ‘Sunshine…
This is a Company Appeal (AT) (Insolvency) No. 35 of 2019. Anil Kumar Tulsiani, Director of ‘Sunshine Infraheights Private Limited’ (Corporate Debtor), filed an appeal against the order dated 17th December, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench. The Adjudicating Authority admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Respondents, Rakesh Kumar Gupta and Ms. Swati Goel.
Anil Kumar Tulsiani, Director of Sunshine Infraheights Private Limited (Corporate Debtor), appealed against the Adjudicating Authority's order admitting an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Rakesh Kumar Gupta and Ms. Swati Goel (Respondents). The Corporate Debtor argued no default occurred, claiming readiness to execute sale deeds for three plots upon full payment, with stamp papers already procured. The Corporate Debtor contended that the allottees (Respondents) had not paid the full amount, and the Adjudicating Authority failed to consider the Corporate Debtor's plea. The NCLAT noted that the parties had settled the matter, with alternative plots allotted to the Respondents. The Interim Resolution Professional appeared,
…Adjudicating Authority (National Company Law…
Anil Kumar Tulsiani, Director of ‘Sunshine…