The case involves an application filed by the Greater Noida Industrial Development Authority (NOIDA) under Rule 11 of the National Company Law Tribunal Rules, 2016, read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016. NOIDA sought directions from the Tribunal to the Resolution Professional (RP) to admit its claim as a Financial Creditor in the Corporate Insolvency Resolution Process (CIRP) of Shubhkamna Buildtech Pvt. Ltd. NOIDA had allotted a plot of land to Shubhkamna Buildtech Pvt. Ltd. via a registered lease deed. Concord Infrastructure Pvt. Ltd. initiated CIRP against Shubhkamna Buildtech Pvt. Ltd. under Section 9 of the IBC, 2016, due to defaults. NOIDA initially filed its claim as an Operational Creditor but later amended it to a Financial
…1. Greater Noida Industrial Development Authority (NOIDA) allotted Plot No. GH-05B Sector 137, NOIDA, to M/s Shubhkamna Buildtech Pvt. Ltd. (Corporate Debtor) with an area of 22,565.77 Sq. Mtr.
2. A registered Lease Deed was executed on 2010-07-30 between NOIDA and the Corporate Debtor, transferring the plot on lease for 90 years commencing from 2010-07-30.
3. Concord Infrastructure Pvt. Ltd. initiated CIRP against Shubhkamna Buildtech Pvt. Ltd. under Section 9 of the IBC, 2016.
4. NOIDA initially filed its claim as an Operational Creditor (Form B) on 2019-02-22 but later amended it to a Financial Creditor (Form C) on 2019-03-18.
5. The total dues claimed by NOIDA were Rs. 99,32,55,183/-, emanating from unpaid lease premium as per the lease deed.
6. NOIDA was invited to the
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A registered Lease Deed…
NOIDA filed its claim…
The case involves an application filed by the Greater Noida Industrial Development Authority (NOIDA) under Rule 11 of the National Company Law Tribunal Rules, 2016, read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016. NOIDA sought directions from the Tribunal to the Resolution Professional (RP) to admit its claim as a Financial Creditor in the Corporate Insolvency Resolution Process (CIRP) of Shubhkamna Buildtech Pvt. Ltd. NOIDA had allotted a plot of land to Shubhkamna Buildtech Pvt. Ltd. via a registered lease deed. Concord Infrastructure Pvt. Ltd. initiated CIRP against Shubhkamna Buildtech Pvt. Ltd. under Section 9 of the IBC, 2016, due to defaults. NOIDA initially filed its claim as an Operational Creditor but later amended it to a Financial
…1. Greater Noida Industrial Development Authority (NOIDA) allotted Plot No. GH-05B Sector 137, NOIDA, to M/s Shubhkamna Buildtech Pvt. Ltd. (Corporate Debtor) with an area of 22,565.77 Sq. Mtr.
2. A registered Lease Deed was executed on 2010-07-30 between NOIDA and the Corporate Debtor, transferring the plot on lease for 90 years commencing from 2010-07-30.
3. Concord Infrastructure Pvt. Ltd. initiated CIRP against Shubhkamna Buildtech Pvt. Ltd. under Section 9 of the IBC, 2016.
4. NOIDA initially filed its claim as an Operational Creditor (Form B) on 2019-02-22 but later amended it to a Financial Creditor (Form C) on 2019-03-18.
5. The total dues claimed by NOIDA were Rs. 99,32,55,183/-, emanating from unpaid lease premium as per the lease deed.
6. NOIDA was invited to the
A registered Lease Deed…
NOIDA filed its claim…