The Applicants, Devendra Singh Yadav and Monica Yadav, filed an application under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, against the Resolution Professional of Jaiprakash Associates Limited, Mr. Bhuvan Madan, concerning disputes over unilateral additions and modifications in the Offer of Possession for a residential unit they booked.
Applicants booked a residential unit in 'Knights Court', a real estate project developed by Jaiprakash Associates Limited.
The Applicants were allotted Unit No. KGT 5-801 vide Allotment Letter dated 28.10.2010.
Possession of the unit was to be delivered within 36 months from the date of issuance of the Allotment Letter, i.e., by November 2013.
The total consideration for the unit was fixed at Rs. 1,39,52,900/-, including Rs. 4,00,000/- towards car parking charges.
The Applicants approached UP RERA due to delay in delivery of possession, and RERA issued directions against the Corporate Debtor.
The Corporate Debtor preferred an appeal against the RERA order, which was dismissed.
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The Applicants, Devendra Singh Yadav and Monica Yadav, filed an application under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, against the Resolution Professional of Jaiprakash Associates Limited, Mr. Bhuvan Madan, concerning disputes over unilateral additions and modifications in the Offer of Possession for a residential unit they booked.
Applicants booked a residential unit in 'Knights Court', a real estate project developed by Jaiprakash Associates Limited.
The Applicants were allotted Unit No. KGT 5-801 vide Allotment Letter dated 28.10.2010.
Possession of the unit was to be delivered within 36 months from the date of issuance of the Allotment Letter, i.e., by November 2013.
The total consideration for the unit was fixed at Rs. 1,39,52,900/-, including Rs. 4,00,000/- towards car parking charges.
The Applicants approached UP RERA due to delay in delivery of possession, and RERA issued directions against the Corporate Debtor.
The Corporate Debtor preferred an appeal against the RERA order, which was dismissed.
…Applicants were…
Scheduled da…