The case involves multiple appeals challenging the order dated 06.05.2024 passed by the National Company Law Tribunal (NCLT), New Delhi, in IA No.355 of 2021 and CA No.26/2023 in CP (IB)-917(ND)2019. The appeals concern a dispute over a commercial unit sold by RG Infra Build Pvt. Ltd. to Atul Paper Pvt. Ltd. before the commencement of Corporate Insolvency Resolution Process (CIRP).
Atul Paper Pvt. Ltd. entered into an Agreement to Sell dated 24.04.2018 with RG Infra Build Pvt. Ltd. for a commercial unit B-101 for Rs.2.70 crores, paying Rs.2.01 crores and taking possession on 25.04.2018, but no Sale Deed was executed.
CIRP against RG Infra Build Pvt. Ltd. commenced on 25.09.2019, and Rakesh Kumar Jain was appointed as the Resolution Professional (RP).
Atul Paper Pvt. Ltd. filed a claim of Rs.2.51 crores before the RP, which was rejected on 27.08.2021.
The RP filed IA No.355 of 2021 seeking a direction to Atul Paper Pvt. Ltd. to vacate the premises.
Liquidation proceedings against RG Infra Build Pvt. Ltd. were initiated on 16.03.2023.
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Atul Paper Pvt. Ltd.…
Corporate Insolvency…
The case involves multiple appeals challenging the order dated 06.05.2024 passed by the National Company Law Tribunal (NCLT), New Delhi, in IA No.355 of 2021 and CA No.26/2023 in CP (IB)-917(ND)2019. The appeals concern a dispute over a commercial unit sold by RG Infra Build Pvt. Ltd. to Atul Paper Pvt. Ltd. before the commencement of Corporate Insolvency Resolution Process (CIRP).
Atul Paper Pvt. Ltd. entered into an Agreement to Sell dated 24.04.2018 with RG Infra Build Pvt. Ltd. for a commercial unit B-101 for Rs.2.70 crores, paying Rs.2.01 crores and taking possession on 25.04.2018, but no Sale Deed was executed.
CIRP against RG Infra Build Pvt. Ltd. commenced on 25.09.2019, and Rakesh Kumar Jain was appointed as the Resolution Professional (RP).
Atul Paper Pvt. Ltd. filed a claim of Rs.2.51 crores before the RP, which was rejected on 27.08.2021.
The RP filed IA No.355 of 2021 seeking a direction to Atul Paper Pvt. Ltd. to vacate the premises.
Liquidation proceedings against RG Infra Build Pvt. Ltd. were initiated on 16.03.2023.
…Atul Paper Pvt. Ltd.…
Corporate Insolvency…