This application was filed by the Resolution Professional under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval for a Resolution Plan. The plan was submitted by VK-21 Realty LLP, the Resolution Applicant, and had received 100% voting share approval from the Committee of Creditors (CoC). The Corporate Debtor, Sutlej Housing Private Limited, is a real estate development company. The case involves complex property disputes, including a long-standing suit filed by Dadar Neelkanth Apartments Co-Operative Housing Society against the erstwhile owners and the Corporate Debtor, challenging the conveyances of the property.
…Nagindas Properties Private Limited (NPPL) along with Varun Patel, Smitaben Bipichandra Patel, and Bipinchandra Patel were the joint owners of land bearing Cadastral Survey Nos. 9/76, 12/76, 13/76, 14/76, and 18/76 of Dadar Naigaon Division. This property, known as “Dadar Gardens” or "Shree Sound Complex," is located in Dadar (East), Mumbai, and measures an aggregate of 8408.65 square meters as per antecedent title deeds and 9221.60 square meters as per Property Register Cards, referred to as the Larger Property, with ownership in a 60:20:20 ratio.
…The Dadar Neelkanth Apartments Co-Operative…
The Bombay High Court issued an ex-parte decree…
This application was filed by the Resolution Professional under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval for a Resolution Plan. The plan was submitted by VK-21 Realty LLP, the Resolution Applicant, and had received 100% voting share approval from the Committee of Creditors (CoC). The Corporate Debtor, Sutlej Housing Private Limited, is a real estate development company. The case involves complex property disputes, including a long-standing suit filed by Dadar Neelkanth Apartments Co-Operative Housing Society against the erstwhile owners and the Corporate Debtor, challenging the conveyances of the property.
…Nagindas Properties Private Limited (NPPL) along with Varun Patel, Smitaben Bipichandra Patel, and Bipinchandra Patel were the joint owners of land bearing Cadastral Survey Nos. 9/76, 12/76, 13/76, 14/76, and 18/76 of Dadar Naigaon Division. This property, known as “Dadar Gardens” or "Shree Sound Complex," is located in Dadar (East), Mumbai, and measures an aggregate of 8408.65 square meters as per antecedent title deeds and 9221.60 square meters as per Property Register Cards, referred to as the Larger Property, with ownership in a 60:20:20 ratio.
…The Dadar Neelkanth Apartments Co-Operative…
The Bombay High Court issued an ex-parte decree…