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 court. The land owners 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 that the land owners are the owners of the properties, upon which the Corporate Debtor side unlawfully trying to proceed with invitation of resolution plans. The land owners' counsel stated that the approval (license) given by the Directorate of Country & Planning, Haryana was cancelled in 2015. The RP Counsel did not deny such cancellation.
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The approval (license) given by the…
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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 court. The land owners 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 that the land owners are the owners of the properties, upon which the Corporate Debtor side unlawfully trying to proceed with invitation of resolution plans. The land owners' counsel stated that the approval (license) given by the Directorate of Country & Planning, Haryana was cancelled in 2015. The RP Counsel did not deny such cancellation.
The approval (license) given by the…
Order delivered on…