Company Appeal (AT) (Insolvency) No. 1053 of 2024 has been filed challenging only part of the order dated 04.03.2024 insofar it has appointed Mr. Anand Sonbhadra as Resolution Professional (“RP”) whereas Financial Creditors had filed an application praying for change of RP as prayed in Section 7 Application from Anand Sonbhadra to Mr. Anurag Nirbhaya.
Greater Noida Industrial Development Authority granted a lease of land to the Corporate Debtor (CD) for a large group housing project.
The CD launched a project named 'Gayatri Aura' consisting of 10+1 towers.
Eight homebuyers filed a Section 7 application as financial creditors against the CD.
The Insolvency and Bankruptcy Code was amended in 2020, introducing a threshold for allottees to initiate CIRP.
The CD filed a revision before the State Government seeking a declaration of zero dated till 01.09.2017.
The Adjudicating Authority admitted the Section 7 application after impleading additional applicants, bringing the total number of homebuyers to 107.
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Greater Noida…
Eight Homebuyers filed…
Company Appeal (AT) (Insolvency) No. 1053 of 2024 has been filed challenging only part of the order dated 04.03.2024 insofar it has appointed Mr. Anand Sonbhadra as Resolution Professional (“RP”) whereas Financial Creditors had filed an application praying for change of RP as prayed in Section 7 Application from Anand Sonbhadra to Mr. Anurag Nirbhaya.
Greater Noida Industrial Development Authority granted a lease of land to the Corporate Debtor (CD) for a large group housing project.
The CD launched a project named 'Gayatri Aura' consisting of 10+1 towers.
Eight homebuyers filed a Section 7 application as financial creditors against the CD.
The Insolvency and Bankruptcy Code was amended in 2020, introducing a threshold for allottees to initiate CIRP.
The CD filed a revision before the State Government seeking a declaration of zero dated till 01.09.2017.
The Adjudicating Authority admitted the Section 7 application after impleading additional applicants, bringing the total number of homebuyers to 107.
…Greater Noida…
Eight Homebuyers filed…