JM Financial Asset Reconstruction Company Ltd. filed an appeal against an NCLT order dated 22.04.2024, which admitted a Section 7 application filed by ASK Trusteeship Services Pvt. Ltd. and two other applicants, initiating Corporate Insolvency Resolution Process (CIRP) against ATS Heights Private Limited. An interim order was passed on 09.05.2024, directing that no further steps be taken in the CIRP except for construction to be carried out under the Interim Resolution Professional's (IRP) supervision, utilizing RERA account funds with cooperation from Financial Creditors.
An appeal was filed against an order dated 22.04.2024, which admitted a Section 7 application filed by ASK Trusteeship Services Pvt. Ltd. and two other applicants.
An interim order was passed on 09.05.2024, directing that no further steps be taken in the CIRP except for construction under the IRP with the assistance of officers and staff of the corporate debtor.
The interim order also allowed the RERA account funds earmarked for construction to be used under the instructions of the IRP and other signatories, with Financial Creditors extending cooperation.
IA No. 1670 of 2026 was filed by the Interim Resolution Professional (IRP) seeking withdrawal of the CIRP.
A Settlement Agreement was entered into between the parties on 24.01.2026.
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Adjudicating Authority passed an order…
NCLAT passed an interim order directing no…
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JM Financial Asset Reconstruction Company Ltd. filed an appeal against an NCLT order dated 22.04.2024, which admitted a Section 7 application filed by ASK Trusteeship Services Pvt. Ltd. and two other applicants, initiating Corporate Insolvency Resolution Process (CIRP) against ATS Heights Private Limited. An interim order was passed on 09.05.2024, directing that no further steps be taken in the CIRP except for construction to be carried out under the Interim Resolution Professional's (IRP) supervision, utilizing RERA account funds with cooperation from Financial Creditors.
An appeal was filed against an order dated 22.04.2024, which admitted a Section 7 application filed by ASK Trusteeship Services Pvt. Ltd. and two other applicants.
An interim order was passed on 09.05.2024, directing that no further steps be taken in the CIRP except for construction under the IRP with the assistance of officers and staff of the corporate debtor.
The interim order also allowed the RERA account funds earmarked for construction to be used under the instructions of the IRP and other signatories, with Financial Creditors extending cooperation.
IA No. 1670 of 2026 was filed by the Interim Resolution Professional (IRP) seeking withdrawal of the CIRP.
A Settlement Agreement was entered into between the parties on 24.01.2026.
…Adjudicating Authority passed an order…
NCLAT passed an interim order directing no…
Sign in to view related legal provisions.