The case involves an application (MA 1007/2018) filed by the Liquidator under Section 60(5)(c) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking directions regarding respondents occupying flats owned by the Corporate Debtor in Gurudev Co-op Housing Service Society. The Corporate Debtor was registered as a sick company with the Board for Industrial & Financial Reconstruction (BIFR) in 2003. The Liquidator issued notices to the occupants to vacate the flats. Some occupants complied, but Respondents 1, 2, and 4 continued to occupy the flats. Respondent 4 claimed possession based on a letter from the Corporate Debtor's manager, stating he was given possession until his dues were paid.
The Liquidator filed MA 1007/2018 under Section 60(5)(c) of IBC, seeking directions regarding occupants of flats owned by the Corporate Debtor. The Corporate Debtor was registered as a sick company with BIFR since 2003. The Liquidator issued notices to vacate, but Respondents 1, 2, and 4 remained. Respondent 4 claimed possession of Flat D-11 based on a letter from the Corporate Debtor's manager, K.N. Disley, stating he was given possession as a labour contractor until his dues were paid. The Liquidator admitted Respondent 4's claim as an operational debt. The Liquidator argued that the unauthorized occupation of the flats was hindering the liquidation process and affecting the creditors' interests. The court noted that 11 occupants had already handed over peaceful
…Sign in to view the parties.
Filing of…
The applicant was appointed as Liquidator of…
The case involves an application (MA 1007/2018) filed by the Liquidator under Section 60(5)(c) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking directions regarding respondents occupying flats owned by the Corporate Debtor in Gurudev Co-op Housing Service Society. The Corporate Debtor was registered as a sick company with the Board for Industrial & Financial Reconstruction (BIFR) in 2003. The Liquidator issued notices to the occupants to vacate the flats. Some occupants complied, but Respondents 1, 2, and 4 continued to occupy the flats. Respondent 4 claimed possession based on a letter from the Corporate Debtor's manager, stating he was given possession until his dues were paid.
The Liquidator filed MA 1007/2018 under Section 60(5)(c) of IBC, seeking directions regarding occupants of flats owned by the Corporate Debtor. The Corporate Debtor was registered as a sick company with BIFR since 2003. The Liquidator issued notices to vacate, but Respondents 1, 2, and 4 remained. Respondent 4 claimed possession of Flat D-11 based on a letter from the Corporate Debtor's manager, K.N. Disley, stating he was given possession as a labour contractor until his dues were paid. The Liquidator admitted Respondent 4's claim as an operational debt. The Liquidator argued that the unauthorized occupation of the flats was hindering the liquidation process and affecting the creditors' interests. The court noted that 11 occupants had already handed over peaceful
…Filing of…
The applicant was appointed as Liquidator of…