# In the matter of Granite Gate Properties P. Ltd. (IB)-1248(PB)-2018

> NCLT judgment dated 2019-07-01. Citation: TCN-2019-NCLT-02729. The document pertains to multiple applications filed before the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 1 Jul 2019
- **Citation:** TCN-2019-NCLT-02729
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/granite-gate-properties-p-ltd-ib-1248pb-2018-7a87c90c

## Summary

### Background

The document pertains to multiple applications filed before the National Company Law Tribunal (NCLT), New Delhi, Special Bench. CA-1174(PB)/2019 concerns a report filed by the Resolution Professional (RP) related to a claim by the Noida Development Authority. CA-1046(PB)/2019 was filed by the Okhla Industrial Development Authority. CA-1156(PB)/2019 is an application under Section 12(2) of the IBC, 2016, seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period.

## Facts

Shinoj Koshy initiated a case against M/s. Granite Gate Properties P Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Noida Development Authority filed a claim, and the RP submitted a report (CA-1174(PB)/2019) annexing the claim and relevant documents from the 5th CoC meeting. The Okhla Industrial Development Authority filed an application (CA-1046(PB)/2019). An application (CA-1156(PB)/2019) was filed under Section 12(2) of the IBC, seeking a 90-day extension of the CIRP period, which had expired on 09.07.2019. The CoC supported this extension with a 93.4% voting share in its 4th meeting held on 31.05.2019. Home buyers, as CoC members, provided details through their Authorised Representatives, including Mr. Sunil Kumar Agarwal.

## Issues and analysis

### Issue 1: Whether the report filed by the RP in …

**Ratio:** The court has the authority to take reports and documents presented by the Resolution

…

**Reasoning:** The RP filed a report bringing on record documents related to the claim of Noida

…

**Interpretation:** This issue concerns the procedural aspect of admitting documents and reports

…

**Application:** The court's decision to take the report on record, subject to exceptions,

…

## Parties

- **Judges:** DEEPTI M…; Sh. PRADEEP R.…
- **Appellants:** Shinoj…
- **Respondents:** M/s. Granite Gate…

## Timeline

- **2019-06-10 — Order Da…**: Order date mentioned in the…
- **2019-05-31 — CoC Meet…**: 4th CoC meeting held, where a resolution was passed supporting the extension of the CIRP…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/granite-gate-properties-p-ltd-ib-1248pb-2018-7a87c90c