Three appeals were filed by Ramprasad Vishvanath Gupta, a homebuyer, challenging orders passed by the Adjudicating Authority (NCLT), Mumbai Bench, dated 24.01.2025, 28.01.2025, and 12.02.2025. These appeals relate to IA No. 22/MB/2025, IA No. 24/MB/2025, and IA (IBC)(Plan)/102(MB)2024, respectively.
CIRP was initiated against Snehanjali and S.B. Developers Private Limited based on an application by Santosh Ananda Shetty and other homebuyers.
The CoC was constituted on 26.03.2024 and later reconstituted after further claims were received.
A resolution plan submitted by La Mer Developers Limited and Neel Builders & Developers was approved with 83.46% voting share.
The appellant, Ramprasad Vishvanath Gupta, filed IA No.22/MB/2025 under Section 43 of the I&B Code seeking declaration of certain transactions as preferential transactions.
The appellant also filed IA No.24/MB/2025 objecting to the resolution plan of La Mer Developers Limited and Neel Builders & Developers.
The Adjudicating Authority rejected both IAs and approved the resolution plan.
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Order passed by the Adjudicating Authority…
Order passed by the Adjudicating Authority…
Three appeals were filed by Ramprasad Vishvanath Gupta, a homebuyer, challenging orders passed by the Adjudicating Authority (NCLT), Mumbai Bench, dated 24.01.2025, 28.01.2025, and 12.02.2025. These appeals relate to IA No. 22/MB/2025, IA No. 24/MB/2025, and IA (IBC)(Plan)/102(MB)2024, respectively.
CIRP was initiated against Snehanjali and S.B. Developers Private Limited based on an application by Santosh Ananda Shetty and other homebuyers.
The CoC was constituted on 26.03.2024 and later reconstituted after further claims were received.
A resolution plan submitted by La Mer Developers Limited and Neel Builders & Developers was approved with 83.46% voting share.
The appellant, Ramprasad Vishvanath Gupta, filed IA No.22/MB/2025 under Section 43 of the I&B Code seeking declaration of certain transactions as preferential transactions.
The appellant also filed IA No.24/MB/2025 objecting to the resolution plan of La Mer Developers Limited and Neel Builders & Developers.
The Adjudicating Authority rejected both IAs and approved the resolution plan.
…Order passed by the Adjudicating Authority…
Order passed by the Adjudicating Authority…