Descent Buildwell LLP filed an appeal challenging an order dated 25.04.2025 passed by the NCLT, Mumbai Bench, Court-I, in IA No.4611/2024. The IA was partly allowed, leading to the appeal.
Descent Buildwell LLP entered into a Lease Deed with Reliance Communications Infrastructure Ltd. on 16.03.2016 for three years, commencing from 01.04.2016.
The Corporate Insolvency Resolution Process (CIRP) against Reliance Communications Infrastructure Ltd. commenced on 25.09.2019.
The Appellant filed a claim for lease rent from 25.09.2019 to 19.12.2023.
A Resolution Plan was approved by the CoC on 05.08.2021 and by the Adjudicating Authority on 19.12.2023.
IA No.4611 of 2024 was filed by the Appellant seeking payment of lease rent with 18% interest for the CIRP and post-CIRP periods.
The Adjudicating Authority treated the lease rent with effect from 25.09.2019 as CIRP cost and directed payment of electricity charges by the lessee. The IA was partly allowed.
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Lease Deed entered into between Descent…
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Descent Buildwell LLP filed an appeal challenging an order dated 25.04.2025 passed by the NCLT, Mumbai Bench, Court-I, in IA No.4611/2024. The IA was partly allowed, leading to the appeal.
Descent Buildwell LLP entered into a Lease Deed with Reliance Communications Infrastructure Ltd. on 16.03.2016 for three years, commencing from 01.04.2016.
The Corporate Insolvency Resolution Process (CIRP) against Reliance Communications Infrastructure Ltd. commenced on 25.09.2019.
The Appellant filed a claim for lease rent from 25.09.2019 to 19.12.2023.
A Resolution Plan was approved by the CoC on 05.08.2021 and by the Adjudicating Authority on 19.12.2023.
IA No.4611 of 2024 was filed by the Appellant seeking payment of lease rent with 18% interest for the CIRP and post-CIRP periods.
The Adjudicating Authority treated the lease rent with effect from 25.09.2019 as CIRP cost and directed payment of electricity charges by the lessee. The IA was partly allowed.
…Lease Deed entered into between Descent…
Lease period c…
Sign in to view related legal provisions.