Rajendra K. Bhuta is the Resolution Professional in this case. The Maharashtra Housing & Area Development Authority (MHADA) is a party involved, owning the land in question. A resolution plan has been approved by the Committee of Creditors. This plan pertains to land belonging to MHADA, which was previously allotted to the Corporate Debtor for development. The Adjudicating Authority has not yet reviewed the resolution plan for compliance with Section 30(2) of the I&B Code. A development agreement between MHADA and the Corporate Debtor has been cancelled. The court directed the Resolution Professional to place the approved resolution plan before the Adjudicating Authority for verification and appropriate order under Section 31 of the I&B Code.

Rajendra K. Bhuta is the Resolution Professional in this case. The Maharashtra Housing & Area Development Authority (MHADA) is a party involved, owning the land in question. A resolution plan has been approved by the Committee of Creditors. This plan pertains to land belonging to MHADA, which was previously allotted to the Corporate Debtor for development. The Adjudicating Authority has not yet reviewed the resolution plan for compliance with Section 30(2) of the I&B Code. A development agreement between MHADA and the Corporate Debtor has been cancelled. The court directed the Resolution Professional to place the approved resolution plan before the Adjudicating Authority for verification and appropriate order under Section 31 of the I&B Code.