The appeal was filed by a suspended director of Raheja Developers Ltd. challenging the order of the National Company Law Tribunal (NCLT), New Delhi Bench, which admitted a Section 7 application filed by Shravan Minocha and other homebuyers of the Raheja Krishna Housing Scheme.
Raheja Developers Ltd. is a Real Estate Company developing Real Estate Infrastructure in Haryana.
The corporate debtor was developing the Krishna Housing Scheme, an Affordable Group Housing Colony Project on 10 acres in Sector-14, Sohna, Gurugram.
The project obtained License No. 115/2014 from the Directorate of Town & Country Planning (DTCP), Haryana and Registration No. 21/2017 from Haryana Real Estate Regulatory Authority (HRERA).
The corporate debtor made allotment to 1644 units plus commercial units.
The corporate debtor failed to handover possession by 10.06.2019.
Shravan Minocha and 129 other unitholders, financial creditor in a class, filed a Section 7 application on 28.02.2025.
The Adjudicating Authority admitted the Section 7 application on 21.08.2025.
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Shravan Minocha and 129 other unitholders…
The Adjudicating…
The appeal was filed by a suspended director of Raheja Developers Ltd. challenging the order of the National Company Law Tribunal (NCLT), New Delhi Bench, which admitted a Section 7 application filed by Shravan Minocha and other homebuyers of the Raheja Krishna Housing Scheme.
Raheja Developers Ltd. is a Real Estate Company developing Real Estate Infrastructure in Haryana.
The corporate debtor was developing the Krishna Housing Scheme, an Affordable Group Housing Colony Project on 10 acres in Sector-14, Sohna, Gurugram.
The project obtained License No. 115/2014 from the Directorate of Town & Country Planning (DTCP), Haryana and Registration No. 21/2017 from Haryana Real Estate Regulatory Authority (HRERA).
The corporate debtor made allotment to 1644 units plus commercial units.
The corporate debtor failed to handover possession by 10.06.2019.
Shravan Minocha and 129 other unitholders, financial creditor in a class, filed a Section 7 application on 28.02.2025.
The Adjudicating Authority admitted the Section 7 application on 21.08.2025.
…Shravan Minocha and 129 other unitholders…
The Adjudicating…