The appeal arises from an order directing the appellant and Respondent No. 3 to execute sale deeds in favor of Respondent No. 1 (Jasrati Education Solutions Ltd.). The appellant, legal heir of Late Babu Lal, claims the order violates natural justice as he was not a party to the proceedings.
Late Babu Lal and his sons entered into MOUs with OSN Infrastructure for sale of land in 2010.
Agreements to Sell (A2S) were executed in 2011 but were not registered.
Babu Lal and others granted a Power of Attorney (POA) to Shonu Chandra in 2011.
OSN assigned its rights to Educomp Infrastructure & School Management Ltd. (Corporate Debtor).
Babu Lal died in 2017.
The Corporate Debtor entered CIRP in 2018.
Jasrati Education Solutions Ltd. emerged as the Successful Resolution Applicant (SRA).
The SRA sought execution of the sale deed, which Shonu Chandra refused.
The Adjudicating Authority directed Shonu and legal heirs to execute the sale deed.
The Appellant claims the POA terminated on Babu Lal's death and the A2S was unregistered.
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Late Babu Lal and his four sons had entered…
Each of the five sellers executed Agreement to…
The appeal arises from an order directing the appellant and Respondent No. 3 to execute sale deeds in favor of Respondent No. 1 (Jasrati Education Solutions Ltd.). The appellant, legal heir of Late Babu Lal, claims the order violates natural justice as he was not a party to the proceedings.
Late Babu Lal and his sons entered into MOUs with OSN Infrastructure for sale of land in 2010.
Agreements to Sell (A2S) were executed in 2011 but were not registered.
Babu Lal and others granted a Power of Attorney (POA) to Shonu Chandra in 2011.
OSN assigned its rights to Educomp Infrastructure & School Management Ltd. (Corporate Debtor).
Babu Lal died in 2017.
The Corporate Debtor entered CIRP in 2018.
Jasrati Education Solutions Ltd. emerged as the Successful Resolution Applicant (SRA).
The SRA sought execution of the sale deed, which Shonu Chandra refused.
The Adjudicating Authority directed Shonu and legal heirs to execute the sale deed.
The Appellant claims the POA terminated on Babu Lal's death and the A2S was unregistered.
Late Babu Lal and his four sons had entered…
Each of the five sellers executed Agreement to…