The case involves a petition filed by Naresh Goel and Suman Goel, financial creditors, against DLF Universal Limited, the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor's counsel informed the court that the real estate business pertaining to the claim made by the petitioner has been demerged into DLF Home Developers Limited. The respondent's counsel also presented judgments from the High Court of Punjab and Haryana, and the High Court of Delhi, in support of their contention.
Naresh Goel and Suman Goel, residing at B-77, Antriksh Apartment, Sector 14, Rohini, Delhi- 110085, filed a petition as financial creditors against DLF Universal Limited, located in Haryana. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the respondent-corporate debtor's counsel informed the court that the real estate business related to the petitioner's claim had been demerged into DLF Home Developers Limited. The respondent's counsel also presented judgments from the High Court of Punjab and Haryana, and the High Court of Delhi. The petitioner then sought to withdraw the petition, which the court allowed.
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Judgment dated 29.03.2016 passed by the…
Judgment dated…
The case involves a petition filed by Naresh Goel and Suman Goel, financial creditors, against DLF Universal Limited, the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor's counsel informed the court that the real estate business pertaining to the claim made by the petitioner has been demerged into DLF Home Developers Limited. The respondent's counsel also presented judgments from the High Court of Punjab and Haryana, and the High Court of Delhi, in support of their contention.
Naresh Goel and Suman Goel, residing at B-77, Antriksh Apartment, Sector 14, Rohini, Delhi- 110085, filed a petition as financial creditors against DLF Universal Limited, located in Haryana. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the respondent-corporate debtor's counsel informed the court that the real estate business related to the petitioner's claim had been demerged into DLF Home Developers Limited. The respondent's counsel also presented judgments from the High Court of Punjab and Haryana, and the High Court of Delhi. The petitioner then sought to withdraw the petition, which the court allowed.
Judgment dated 29.03.2016 passed by the…
Judgment dated…