The appeals were filed by a suspended director of Som Resorts Pvt. Ltd. challenging the order dated 03.12.2024 passed in I.A. No. 459/2024 and the order dated 03.12.2024 passed in I.A. No. 2552/2023, approving the resolution plan submitted by Respondent No. 2.
Som Resorts Pvt. Ltd., the corporate debtor, is engaged in the development of a Real Estate Project in Vasundhara Ghaziabad.
The promoters carried out constructions in violation of the approved building plan, leading to the sealing of the Project by the UP Awas Evam Vikas Parishad.
26 homebuyers filed a Section 7 application against the corporate debtor, which was admitted on 02.08.2022, and Mr. Sumit Shukla was appointed as the IRP.
Mr. Sumit Shukla was replaced by Mr. Rabindra Kumar Mintri in the fourth CoC meeting on 20.11.2022.
A fresh invitation of Expression of Interest (EoI) was issued on 24.12.2022.
The resolution plan submitted by Casa Italia Social Welfare Association, representing the homebuyers, was approved by the 100% vote shares of the CoC.
…Sign in to view the parties.
Order passed by the Adjudicating Authority…
Adjudicating authority admitted Section 7…
The appeals were filed by a suspended director of Som Resorts Pvt. Ltd. challenging the order dated 03.12.2024 passed in I.A. No. 459/2024 and the order dated 03.12.2024 passed in I.A. No. 2552/2023, approving the resolution plan submitted by Respondent No. 2.
Som Resorts Pvt. Ltd., the corporate debtor, is engaged in the development of a Real Estate Project in Vasundhara Ghaziabad.
The promoters carried out constructions in violation of the approved building plan, leading to the sealing of the Project by the UP Awas Evam Vikas Parishad.
26 homebuyers filed a Section 7 application against the corporate debtor, which was admitted on 02.08.2022, and Mr. Sumit Shukla was appointed as the IRP.
Mr. Sumit Shukla was replaced by Mr. Rabindra Kumar Mintri in the fourth CoC meeting on 20.11.2022.
A fresh invitation of Expression of Interest (EoI) was issued on 24.12.2022.
The resolution plan submitted by Casa Italia Social Welfare Association, representing the homebuyers, was approved by the 100% vote shares of the CoC.
…Order passed by the Adjudicating Authority…
Adjudicating authority admitted Section 7…