Ms. Nupur Anchlia and another filed C.P.(IB)No.377/BB/2019 under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 4 of the I&B (AAA) Rules, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Mantri Developers Private Limited. The petitioners, acting as financial creditors, claimed that the corporate debtor defaulted on a total amount of Rs. 49,24,359/-. The financial creditors had advanced money to the corporate debtor based on agreements for sale and construction executed on 05.09.2011. The corporate debtor was to deliver possession of an apartment by 01.07.2013, but the date was extended multiple times, with a final promise of August 2016. The corporate debtor failed to hand over the apartment, leading
…Ms. Nupur Anchlia and another, the Financial Creditors, entered into agreements for sale and construction with M/s. Mantri Developers Private Limited, the Corporate Debtor, on 05.09.2011. The Financial Creditors advanced Rs. 49,24,359/- to the Corporate Debtor for an apartment in the project. The Corporate Debtor initially promised possession by 01.07.2013, but repeatedly extended the date, with the final assurance being August 2016. The Corporate Debtor failed to deliver possession, leading the Financial Creditors to seek a refund and cancel the booking on 10.07.2016. The Financial Creditors approached Grahak Suvidha Kendra, an NGO, for redressal. A consumer complaint was filed in April 2017, and the State Consumer Disputes Redressal Commission ordered the Corporate
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Ms. Nupur Anchlia and another filed C.P.(IB)No.377/BB/2019 under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 4 of the I&B (AAA) Rules, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Mantri Developers Private Limited. The petitioners, acting as financial creditors, claimed that the corporate debtor defaulted on a total amount of Rs. 49,24,359/-. The financial creditors had advanced money to the corporate debtor based on agreements for sale and construction executed on 05.09.2011. The corporate debtor was to deliver possession of an apartment by 01.07.2013, but the date was extended multiple times, with a final promise of August 2016. The corporate debtor failed to hand over the apartment, leading
…Ms. Nupur Anchlia and another, the Financial Creditors, entered into agreements for sale and construction with M/s. Mantri Developers Private Limited, the Corporate Debtor, on 05.09.2011. The Financial Creditors advanced Rs. 49,24,359/- to the Corporate Debtor for an apartment in the project. The Corporate Debtor initially promised possession by 01.07.2013, but repeatedly extended the date, with the final assurance being August 2016. The Corporate Debtor failed to deliver possession, leading the Financial Creditors to seek a refund and cancel the booking on 10.07.2016. The Financial Creditors approached Grahak Suvidha Kendra, an NGO, for redressal. A consumer complaint was filed in April 2017, and the State Consumer Disputes Redressal Commission ordered the Corporate
…Ms. Nupur Anchlia and another entered into…
Original date for…