The appeal arises from an order dated 17.03.2025 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench-I) in I.A. No.- 797 of 2025 in C.P. No. 1166/MB/2023, which permitted the revival of an original Section 7 Company Petition filed by Anchor Point Developers Pvt. Ltd. against Transcon Skycity Pvt. Ltd.
Transcon Skycity Private Limited launched a real estate project named Transcon Fortune Five Hundred Tower-I Project.
Anchor Point Developers Private Limited invested in the project and received an Allotment Letter on 18.10.2022.
Anchor Point Developers Private Limited filed a Section 7 application against Transcon Skycity Private Limited (First CP).
A Settlement Agreement was executed between the parties on 03.02.2024.
Anchor Point Developers Private Limited filed an IA for withdrawal of the First CP on 14.02.2024 (Withdrawal IA), which was allowed on 08.04.2024.
Anchor Point Developers Private Limited filed a fresh Section 7 petition (Second CP) on 16.11.2024, premised on the same debt as the First CP.
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Corporate Debtor issued…
Settlement Agreement was…
The appeal arises from an order dated 17.03.2025 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench-I) in I.A. No.- 797 of 2025 in C.P. No. 1166/MB/2023, which permitted the revival of an original Section 7 Company Petition filed by Anchor Point Developers Pvt. Ltd. against Transcon Skycity Pvt. Ltd.
Transcon Skycity Private Limited launched a real estate project named Transcon Fortune Five Hundred Tower-I Project.
Anchor Point Developers Private Limited invested in the project and received an Allotment Letter on 18.10.2022.
Anchor Point Developers Private Limited filed a Section 7 application against Transcon Skycity Private Limited (First CP).
A Settlement Agreement was executed between the parties on 03.02.2024.
Anchor Point Developers Private Limited filed an IA for withdrawal of the First CP on 14.02.2024 (Withdrawal IA), which was allowed on 08.04.2024.
Anchor Point Developers Private Limited filed a fresh Section 7 petition (Second CP) on 16.11.2024, premised on the same debt as the First CP.
…Corporate Debtor issued…
Settlement Agreement was…