This case involves two connected appeals, Company Appeal (AT) (INS) No. 184 of 2023 and No. 1107 of 2023, filed by the Greater Noida Industrial Development Authority (GNIDA) and New Okhla Industrial Development Authority (NOIDA) respectively. Both appeals challenge an Impugned Order dated 12.09.2022, passed by the National Company Law Tribunal (NCLT), New Delhi Bench, which approved a Resolution Plan for M/s Shubhkamna Buildtech Private Limited (the Corporate Debtor). The Appellants, statutory authorities, contend that their outstanding dues (lease premium, lease rent, additional compensation, etc.) are secured by a statutory charge on the leased properties under the U.P. Industrial Area Development Act, 1976. They argue that the Resolution Plan erred by classifying
…Greater Noida Industrial Development Authority (GNIDA) and New Okhla Industrial Development Authority (NOIDA) filed two appeals (Comp. App. (AT) (Ins) No. 184 of 2023 and 1107 of 2023) against an NCLT order dated 12.09.2022.
The impugned order approved Resolution Plans for M/s Shubhkamna Buildtech Private Limited (Corporate Debtor) in its Corporate Insolvency Resolution Process (CIRP).
GNIDA, a statutory authority, allotted Plot No. GH-02, Sector-01, on 18.08.2010 to a consortium including the Corporate Debtor, and later subdivided it, with possession handed over to the Corporate Debtor under a lease deed dated 04.04.2011.
GNIDA claimed outstanding dues of Rs. 37,83,48,790/- from the Corporate Debtor, for which a Recovery Certificate dated 20.11.2018 was issued.
…Sign in to view the parties.
NOIDA allotted Plot No. GH-05/B, Sector-137,…
Plot No. GH-02, Sector-01, measuring 81,800…
This case involves two connected appeals, Company Appeal (AT) (INS) No. 184 of 2023 and No. 1107 of 2023, filed by the Greater Noida Industrial Development Authority (GNIDA) and New Okhla Industrial Development Authority (NOIDA) respectively. Both appeals challenge an Impugned Order dated 12.09.2022, passed by the National Company Law Tribunal (NCLT), New Delhi Bench, which approved a Resolution Plan for M/s Shubhkamna Buildtech Private Limited (the Corporate Debtor). The Appellants, statutory authorities, contend that their outstanding dues (lease premium, lease rent, additional compensation, etc.) are secured by a statutory charge on the leased properties under the U.P. Industrial Area Development Act, 1976. They argue that the Resolution Plan erred by classifying
…Greater Noida Industrial Development Authority (GNIDA) and New Okhla Industrial Development Authority (NOIDA) filed two appeals (Comp. App. (AT) (Ins) No. 184 of 2023 and 1107 of 2023) against an NCLT order dated 12.09.2022.
The impugned order approved Resolution Plans for M/s Shubhkamna Buildtech Private Limited (Corporate Debtor) in its Corporate Insolvency Resolution Process (CIRP).
GNIDA, a statutory authority, allotted Plot No. GH-02, Sector-01, on 18.08.2010 to a consortium including the Corporate Debtor, and later subdivided it, with possession handed over to the Corporate Debtor under a lease deed dated 04.04.2011.
GNIDA claimed outstanding dues of Rs. 37,83,48,790/- from the Corporate Debtor, for which a Recovery Certificate dated 20.11.2018 was issued.
…NOIDA allotted Plot No. GH-05/B, Sector-137,…
Plot No. GH-02, Sector-01, measuring 81,800…