The case involves an appeal against an order dated 09.01.2023 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Court-V in IA No.2085 of 2022. The appellant, Anuradha Grover, booked a unit in the project 'Ten BKC' on 01.03.2016. She was allotted Flat No. 0101 in Wing 7, Type III, with a carpet area of 1177 sq. ft., for a total consideration of Rs. 4,97,35,650/-. A letter dated 14.03.2016 from the developer indicated a possible discount of Rs. 1.10 Crore if the appellant opted for a bare shell without interior fit-outs. However, the agreement for sale did not include this discount. The Corporate Insolvency Resolution Process (CIRP) was initiated against 'Radius Estates and Developers Private Limited' on 30.04.2021. The appellant filed a
…Anuradha Grover booked a flat in the 'Ten BKC' project on 01.03.2016 for Rs. 4,97,35,650/-. A letter dated 14.03.2016 indicated a potential Rs. 1.10 Crore discount if she opted for a bare shell. The agreement for sale, however, did not include this discount. The Corporate Insolvency Resolution Process (CIRP) against 'Radius Estates and Developers Private Limited' commenced on 30.04.2021. Grover filed a claim for Rs. 2,73,82,869/- plus Rs. 1.10 Crore. The Resolution Professional admitted Rs. 3,63,42,245/- but rejected the Rs. 1.10 Crore claim. Grover filed IA No.2085 of 2022, which was rejected by the Adjudicating Authority. The key fact is the discrepancy between the letter promising a discount and the final agreement for sale, which did not include it. The appellant's
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The case involves an appeal against an order dated 09.01.2023 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Court-V in IA No.2085 of 2022. The appellant, Anuradha Grover, booked a unit in the project 'Ten BKC' on 01.03.2016. She was allotted Flat No. 0101 in Wing 7, Type III, with a carpet area of 1177 sq. ft., for a total consideration of Rs. 4,97,35,650/-. A letter dated 14.03.2016 from the developer indicated a possible discount of Rs. 1.10 Crore if the appellant opted for a bare shell without interior fit-outs. However, the agreement for sale did not include this discount. The Corporate Insolvency Resolution Process (CIRP) was initiated against 'Radius Estates and Developers Private Limited' on 30.04.2021. The appellant filed a
…Anuradha Grover booked a flat in the 'Ten BKC' project on 01.03.2016 for Rs. 4,97,35,650/-. A letter dated 14.03.2016 indicated a potential Rs. 1.10 Crore discount if she opted for a bare shell. The agreement for sale, however, did not include this discount. The Corporate Insolvency Resolution Process (CIRP) against 'Radius Estates and Developers Private Limited' commenced on 30.04.2021. Grover filed a claim for Rs. 2,73,82,869/- plus Rs. 1.10 Crore. The Resolution Professional admitted Rs. 3,63,42,245/- but rejected the Rs. 1.10 Crore claim. Grover filed IA No.2085 of 2022, which was rejected by the Adjudicating Authority. The key fact is the discrepancy between the letter promising a discount and the final agreement for sale, which did not include it. The appellant's
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Letter from Developer…