The case involves S.C.S.L. Buildwell Pvt Ltd as the applicant/petitioner and Palo Infrastructure & Developers Pvt Ltd as the respondent. The matter is under Section 7 of the Insolvency & Bankruptcy Code, 2016, CIRP. The applicant sought withdrawal of IA-5464/2020, which was granted by the NCLT. Landowners have filed applications, and the non-applicants are directed to file their replies within 15 days.
S.C.S.L. Buildwell Pvt Ltd initiated proceedings against Palo Infrastructure & Developers Pvt Ltd under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Applicant sought to withdraw IA-5464/2020. The applicant's counsel submitted a withdrawal request. Landowners filed applications related to the properties in question. The landowners' counsel stated that the approval (license) given by the Directorate of Country & Planning, Haryana, was cancelled in 2015. The RP Counsel did not deny the cancellation. The Corporate Debtor is allegedly unlawfully trying to proceed with the invitation of resolution plans on land claimed by the landowners. The court listed IA-5285, Ivn.P-14 & IA-5473/2020 for hearing on 02.02.2021.
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The case involves S.C.S.L. Buildwell Pvt Ltd as the applicant/petitioner and Palo Infrastructure & Developers Pvt Ltd as the respondent. The matter is under Section 7 of the Insolvency & Bankruptcy Code, 2016, CIRP. The applicant sought withdrawal of IA-5464/2020, which was granted by the NCLT. Landowners have filed applications, and the non-applicants are directed to file their replies within 15 days.
S.C.S.L. Buildwell Pvt Ltd initiated proceedings against Palo Infrastructure & Developers Pvt Ltd under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Applicant sought to withdraw IA-5464/2020. The applicant's counsel submitted a withdrawal request. Landowners filed applications related to the properties in question. The landowners' counsel stated that the approval (license) given by the Directorate of Country & Planning, Haryana, was cancelled in 2015. The RP Counsel did not deny the cancellation. The Corporate Debtor is allegedly unlawfully trying to proceed with the invitation of resolution plans on land claimed by the landowners. The court listed IA-5285, Ivn.P-14 & IA-5473/2020 for hearing on 02.02.2021.
The approval (license) given by the…
Order delivered on…