The case involves an appeal against an order dated 27.11.2024 passed by the National Company Law Tribunal (NCLT), New Delhi, in IA No. 1929 of 2024 in CP (IB) No. 496/ND/2018. The appellant, Sanjeev Sangal, a homebuyer and unsecured financial creditor of Maple Realcon Pvt. Ltd. (Corporate Debtor), is seeking possession of a flat in the 'Misty Heights' project. The NCLT directed the Successful Resolution Applicant (SRA) not to create third-party rights over the flat and to conduct verification of documents.
Sanjeev Sangal, the appellant, is a homebuyer and an unsecured financial creditor of Maple Realcon Pvt. Ltd.
The appellant purchased a flat in the 'Misty Heights' project for Rs. 47,00,000 and made full payment.
The CIRP of Maple Realcon Pvt. Ltd. commenced on 18.07.2018.
The appellant filed Form C on 06.08.2018, attaching his BBA and Payment Receipts.
The Resolution Professional (RP) admitted the appellant's claim on 01.12.2018.
The Resolution Plan was approved by the CoC with an 89.07% vote and by the Ld. AA on 20.02.2020.
The Resolution Plan included a verification clause allowing the SRA to verify original documents.
The SRA did not carry out verification within the stipulated 60 days.
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CIRP of Maple…
The appellant filed…
The case involves an appeal against an order dated 27.11.2024 passed by the National Company Law Tribunal (NCLT), New Delhi, in IA No. 1929 of 2024 in CP (IB) No. 496/ND/2018. The appellant, Sanjeev Sangal, a homebuyer and unsecured financial creditor of Maple Realcon Pvt. Ltd. (Corporate Debtor), is seeking possession of a flat in the 'Misty Heights' project. The NCLT directed the Successful Resolution Applicant (SRA) not to create third-party rights over the flat and to conduct verification of documents.
Sanjeev Sangal, the appellant, is a homebuyer and an unsecured financial creditor of Maple Realcon Pvt. Ltd.
The appellant purchased a flat in the 'Misty Heights' project for Rs. 47,00,000 and made full payment.
The CIRP of Maple Realcon Pvt. Ltd. commenced on 18.07.2018.
The appellant filed Form C on 06.08.2018, attaching his BBA and Payment Receipts.
The Resolution Professional (RP) admitted the appellant's claim on 01.12.2018.
The Resolution Plan was approved by the CoC with an 89.07% vote and by the Ld. AA on 20.02.2020.
The Resolution Plan included a verification clause allowing the SRA to verify original documents.
The SRA did not carry out verification within the stipulated 60 days.
…CIRP of Maple…
The appellant filed…