RDB Realty & Infrastructure Limited (Applicant/Auction Purchaser) purchased properties of M/s L.M.L. Limited (Corporate Debtor) in liquidation. Uttar Pradesh State Industrial Development Authority (UPSIDA), an admitted operational creditor, demanded pre-CIRP dues from the Applicant as a condition for property transfer, which the Applicant paid under protest.
M/s L.M.L. Limited (Corporate Debtor) was admitted into liquidation on March 23, 2018.
Uttar Pradesh State Industrial Development Authority (UPSIDA), Respondent No.1, submitted a claim of Rs.2,77,12,397/- against the Corporate Debtor, which was admitted in full by the Liquidator as an "Operational Creditor".
The Liquidator issued an auction notice on March 2, 2023, leading to an e-auction on April 6, 2023.
RDB Realty & Infrastructure Limited (Applicant) was declared the successful bidder for properties A1, A2, A3, A4, E16A, E30, E30A, 3C-6, C7, C8, C9, C10 Site-II, Panki Industrial Area, Kanpur.
A sale certificate was issued to the Applicant on July 7, 2023, on an 'as is where is basis' and 'no recourse basis', and possession was handed over on July 18, 2023.
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M/s. L.M.L. Limited…
Respondent No.1/UPSIDA addressed demand letters…
RDB Realty & Infrastructure Limited (Applicant/Auction Purchaser) purchased properties of M/s L.M.L. Limited (Corporate Debtor) in liquidation. Uttar Pradesh State Industrial Development Authority (UPSIDA), an admitted operational creditor, demanded pre-CIRP dues from the Applicant as a condition for property transfer, which the Applicant paid under protest.
M/s L.M.L. Limited (Corporate Debtor) was admitted into liquidation on March 23, 2018.
Uttar Pradesh State Industrial Development Authority (UPSIDA), Respondent No.1, submitted a claim of Rs.2,77,12,397/- against the Corporate Debtor, which was admitted in full by the Liquidator as an "Operational Creditor".
The Liquidator issued an auction notice on March 2, 2023, leading to an e-auction on April 6, 2023.
RDB Realty & Infrastructure Limited (Applicant) was declared the successful bidder for properties A1, A2, A3, A4, E16A, E30, E30A, 3C-6, C7, C8, C9, C10 Site-II, Panki Industrial Area, Kanpur.
A sale certificate was issued to the Applicant on July 7, 2023, on an 'as is where is basis' and 'no recourse basis', and possession was handed over on July 18, 2023.
…M/s. L.M.L. Limited…
Respondent No.1/UPSIDA addressed demand letters…