The case involves appeals against an order dated 24.07.2024 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, Court-II in Company Petition No. (IB)-1248(PB)/2018. The appeals challenge directions issued on various applications, including one for approval of a resolution plan submitted by M/s SMV Agencies Private Limited, which was approved by the Committee of Creditors (CoC) on 22.07.2020.
Company Appeal (AT) (Ins.) No.1479 of 2024 was filed by the Authorised Representative for M/s Granite Gate Properties Private Limited, representing the CoC consisting of 100% homebuyers.
The CoC approved the Resolution Plan of M/s SMV Agencies Private Limited on 22.07.2020.
New Okhla Industrial Development Authority (NOIDA) filed Company Appeal (AT) (Ins.) No.1713 of 2024, claiming as an Operational Creditor of M/s Granite Gate Properties Private Limited.
NOIDA executed lease deeds for GH plots in Sectors 100 and 110, launching projects named Lotus Bolevard and Lotus Panache.
NOIDA was initially accepted as a Financial Creditor but later categorized as an Operational Creditor after a Supreme Court judgment.
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Order passed by the Adjudicating Authority…
Resolution plan…
The case involves appeals against an order dated 24.07.2024 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, Court-II in Company Petition No. (IB)-1248(PB)/2018. The appeals challenge directions issued on various applications, including one for approval of a resolution plan submitted by M/s SMV Agencies Private Limited, which was approved by the Committee of Creditors (CoC) on 22.07.2020.
Company Appeal (AT) (Ins.) No.1479 of 2024 was filed by the Authorised Representative for M/s Granite Gate Properties Private Limited, representing the CoC consisting of 100% homebuyers.
The CoC approved the Resolution Plan of M/s SMV Agencies Private Limited on 22.07.2020.
New Okhla Industrial Development Authority (NOIDA) filed Company Appeal (AT) (Ins.) No.1713 of 2024, claiming as an Operational Creditor of M/s Granite Gate Properties Private Limited.
NOIDA executed lease deeds for GH plots in Sectors 100 and 110, launching projects named Lotus Bolevard and Lotus Panache.
NOIDA was initially accepted as a Financial Creditor but later categorized as an Operational Creditor after a Supreme Court judgment.
…Order passed by the Adjudicating Authority…
Resolution plan…