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 an application (MA 1007/2018) under Section 60(5)(c) of the IBC, seeking directions regarding occupants of flats owned by the Corporate Debtor. The Corporate Debtor, registered as a sick company with BIFR since 2003, owns 17 flats in Gurudev Society. The Liquidator issued notices to vacate, and some occupants complied. Respondents 1, 2, and 4 continued to occupy flats E7, B-9, and D-11, respectively. 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 until his dues were paid for providing laborers. The Liquidator admitted Respondent 4's claim as an operational debt. Respondents 1 and 2 did not file objections despite being served notice. The Liquidator
…Sign in to view the parties.
Filing of…
Filing of MA 1…
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 an application (MA 1007/2018) under Section 60(5)(c) of the IBC, seeking directions regarding occupants of flats owned by the Corporate Debtor. The Corporate Debtor, registered as a sick company with BIFR since 2003, owns 17 flats in Gurudev Society. The Liquidator issued notices to vacate, and some occupants complied. Respondents 1, 2, and 4 continued to occupy flats E7, B-9, and D-11, respectively. 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 until his dues were paid for providing laborers. The Liquidator admitted Respondent 4's claim as an operational debt. Respondents 1 and 2 did not file objections despite being served notice. The Liquidator
…Filing of…
Filing of MA 1…