The appeal was filed by Mr. Satyabrata Mitra and 114 others under Section 61 of the Insolvency and Bankruptcy Code, 2016, against the order dated 21.10.2024 passed by the National Company Law Tribunal, New Delhi, Bench IV, in C.P.(IB) No. 196 of 2023. The Appellants are homebuyers in the 'Earth Towne' project developed by Earth Towne Infrastructure Pvt. Ltd. (ETIPL).
The appeal was filed against the order dated 21.10.2024 passed by the National Company Law Tribunal, New Delhi, Bench IV, in C.P.(IB) No. 196 of 2023.
The Appellants are homebuyers in the 'Earth Towne' project developed by Earth Towne Infrastructure Pvt. Ltd. (ETIPL).
ETIPL is the landowner and developer company for the project initiated by Earth Infrastructure Ltd. (EIL), which is the holding company of ETIPL.
In 2010, the Greater Noida Industrial Development Authority (GNIDA) allotted Plot No. GH-04, Sector-01, Greater Noida, to a consortium led by EIL (78% share) along with Raus Infras Limited (11%) and Shalini Holdings Limited (11%).
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Order passed by the National Company Law…
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The appeal was filed by Mr. Satyabrata Mitra and 114 others under Section 61 of the Insolvency and Bankruptcy Code, 2016, against the order dated 21.10.2024 passed by the National Company Law Tribunal, New Delhi, Bench IV, in C.P.(IB) No. 196 of 2023. The Appellants are homebuyers in the 'Earth Towne' project developed by Earth Towne Infrastructure Pvt. Ltd. (ETIPL).
The appeal was filed against the order dated 21.10.2024 passed by the National Company Law Tribunal, New Delhi, Bench IV, in C.P.(IB) No. 196 of 2023.
The Appellants are homebuyers in the 'Earth Towne' project developed by Earth Towne Infrastructure Pvt. Ltd. (ETIPL).
ETIPL is the landowner and developer company for the project initiated by Earth Infrastructure Ltd. (EIL), which is the holding company of ETIPL.
In 2010, the Greater Noida Industrial Development Authority (GNIDA) allotted Plot No. GH-04, Sector-01, Greater Noida, to a consortium led by EIL (78% share) along with Raus Infras Limited (11%) and Shalini Holdings Limited (11%).
…Order passed by the National Company Law…
Both parties are…