The present interlocutory application was filed by Mr. Vijay Kumar Pasricha, an allottee in the "Monsoon Breeze II" project, seeking clarification and directions regarding an earlier order of the Appellate Tribunal dated February 4, 2020. This earlier order was passed in an appeal against the Adjudicating Authority's admission of a Section 7 application under the Insolvency and Bankruptcy Code, 2016 (IBC) against Umang Realtech Pvt. Ltd. (the Corporate Debtor) for its "Winter Hills 77 Gurgaon" project. The Adjudicating Authority had initiated the Corporate Insolvency Resolution Process (CIRP) and declared a moratorium on August 20, 2019.
…An application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed by Mrs. Rachna Singh and Mr. Ajay Singh, who were homebuyers in the "Winter Hills 77 Gurgaon" project developed by Umang Realtech Pvt. Ltd. (the Corporate Debtor). The application sought the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal, New Delhi, Principal Bench) admitted the application on August 20, 2019, and declared a moratorium under Section 14 of the IBC.
…Appellant Mr. Vijay Kumar Pasricha entered…
Deadline for handing…
The present interlocutory application was filed by Mr. Vijay Kumar Pasricha, an allottee in the "Monsoon Breeze II" project, seeking clarification and directions regarding an earlier order of the Appellate Tribunal dated February 4, 2020. This earlier order was passed in an appeal against the Adjudicating Authority's admission of a Section 7 application under the Insolvency and Bankruptcy Code, 2016 (IBC) against Umang Realtech Pvt. Ltd. (the Corporate Debtor) for its "Winter Hills 77 Gurgaon" project. The Adjudicating Authority had initiated the Corporate Insolvency Resolution Process (CIRP) and declared a moratorium on August 20, 2019.
…An application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed by Mrs. Rachna Singh and Mr. Ajay Singh, who were homebuyers in the "Winter Hills 77 Gurgaon" project developed by Umang Realtech Pvt. Ltd. (the Corporate Debtor). The application sought the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal, New Delhi, Principal Bench) admitted the application on August 20, 2019, and declared a moratorium under Section 14 of the IBC.
…Appellant Mr. Vijay Kumar Pasricha entered…
Deadline for handing…