The case involves an appeal against an order dated 14.10.2021 passed by the National Company Law Tribunal (NCLT), New Delhi, regarding the transfer of a plot of land. The New Okhla Industrial Development Authority (Appellant) had allotted a plot to Mega Soft Infrastructure Pvt. Ltd. (Corporate Debtor). Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, and the Liquidator issued an E-Auction Sale Notice for the plot. The Appellant claimed pending dues and informed the Liquidator about the pendency of a suit. The Liquidator filed an application before the Adjudicating Authority seeking directions to transfer the plot to the auction purchaser. The Appellant objected, citing its transfer policy. The Adjudicating Authority directed
…New Okhla Industrial Development Authority (Appellant) allotted Plot No.02/2 to Mega Soft Infrastructure Pvt. Ltd. (Corporate Debtor). Neelam Singh filed a company petition, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Adjudicating Authority ordered liquidation of the Corporate Debtor on 28.02.2018 and appointed the Respondent as Liquidator. The Liquidator issued an E-Auction Sale Notice of the Plot. The Appellant claimed Rs.20,50,000/- as pending dues. The Liquidator informed the Appellant that the plot was put to E-Auction on 04.01.2021, with Groovy Structures LLP ranked H1. The Appellant claimed Rs.40,50,108/- as due against the plot. The Liquidator filed I.A. No.1612 of 2021 seeking directions to transfer the plot to
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Adjudicating Authority initiated Corporate…
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The case involves an appeal against an order dated 14.10.2021 passed by the National Company Law Tribunal (NCLT), New Delhi, regarding the transfer of a plot of land. The New Okhla Industrial Development Authority (Appellant) had allotted a plot to Mega Soft Infrastructure Pvt. Ltd. (Corporate Debtor). Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, and the Liquidator issued an E-Auction Sale Notice for the plot. The Appellant claimed pending dues and informed the Liquidator about the pendency of a suit. The Liquidator filed an application before the Adjudicating Authority seeking directions to transfer the plot to the auction purchaser. The Appellant objected, citing its transfer policy. The Adjudicating Authority directed
…New Okhla Industrial Development Authority (Appellant) allotted Plot No.02/2 to Mega Soft Infrastructure Pvt. Ltd. (Corporate Debtor). Neelam Singh filed a company petition, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Adjudicating Authority ordered liquidation of the Corporate Debtor on 28.02.2018 and appointed the Respondent as Liquidator. The Liquidator issued an E-Auction Sale Notice of the Plot. The Appellant claimed Rs.20,50,000/- as pending dues. The Liquidator informed the Appellant that the plot was put to E-Auction on 04.01.2021, with Groovy Structures LLP ranked H1. The Appellant claimed Rs.40,50,108/- as due against the plot. The Liquidator filed I.A. No.1612 of 2021 seeking directions to transfer the plot to
…Adjudicating Authority initiated Corporate…
Adjudicating Authority ordered liquidation of…