The Applicants, legal representatives of Late Sh. Ishwar Chand, claim a 09/49 undivided share (0 Kanal 9 Marla) of land within the Corporate Debtor's project, which they allege was never conveyed and is now encroached upon. They sought demarcation from revenue officials, which was denied citing the CIRP moratorium. They also filed a civil suit for partition, title, and demarcation before a Civil Court. They approached the NCLT seeking release of the land, an injunction against alienation/construction, action against the Resolution Professional under Section 70 of the Code, a reference to IBBI, and a stay of CIRP/Resolution Plan proceedings until the property is carved out and possession delivered.
Late Sh. Ishwar Chand was originally recorded as owner of 150 Kanal 18 Marla of land, including Khasra No. 18/3, per the Jamabandi for the year 1999-2000.
By two registered sale deeds dated 19.01.2007, Late Sh. Ishwar Chand sold 150 Kanal 9 Marla of this holding to the Corporate Debtor, through Respondent Nos. 3 and 4 in their capacity as directors thereof.
The Applicants contend that a residual 0 Kanal 9 Marla, being a 09/49 share of Khasra No. 18/3, was retained by their predecessor and was never conveyed, and that it came to be enclosed within the boundary wall of the 'Ess Vee Apartments' project in sector 20 Panchkula.
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Late Sh. Ishwar Chand was recorded as owner…
Licence No. 610 granted to the Corporate…
The Applicants, legal representatives of Late Sh. Ishwar Chand, claim a 09/49 undivided share (0 Kanal 9 Marla) of land within the Corporate Debtor's project, which they allege was never conveyed and is now encroached upon. They sought demarcation from revenue officials, which was denied citing the CIRP moratorium. They also filed a civil suit for partition, title, and demarcation before a Civil Court. They approached the NCLT seeking release of the land, an injunction against alienation/construction, action against the Resolution Professional under Section 70 of the Code, a reference to IBBI, and a stay of CIRP/Resolution Plan proceedings until the property is carved out and possession delivered.
Late Sh. Ishwar Chand was originally recorded as owner of 150 Kanal 18 Marla of land, including Khasra No. 18/3, per the Jamabandi for the year 1999-2000.
By two registered sale deeds dated 19.01.2007, Late Sh. Ishwar Chand sold 150 Kanal 9 Marla of this holding to the Corporate Debtor, through Respondent Nos. 3 and 4 in their capacity as directors thereof.
The Applicants contend that a residual 0 Kanal 9 Marla, being a 09/49 share of Khasra No. 18/3, was retained by their predecessor and was never conveyed, and that it came to be enclosed within the boundary wall of the 'Ess Vee Apartments' project in sector 20 Panchkula.
…Late Sh. Ishwar Chand was recorded as owner…
Licence No. 610 granted to the Corporate…