The case involves M/s. Vipul Kulshrestha & Mrs. Sarika Kulshrestha V/s. M/s. Sunshine Infrawell Pvt. Ltd. The Corporate Debtor tendered a Demand Draft of Rs. 1 crore (principal amount) and a cheque for Rs. 45 lakhs (compensation) as per the agreement. The petitioner found the offer unacceptable. The Corporate Debtor was ready to return the principal amount but could not tender possession of the flat or compensation for the delay.
M/s. Vipul Kulshrestha & Mrs. Sarika Kulshrestha filed a case against M/s. Sunshine Infrawell Pvt. Ltd. The Corporate Debtor, M/s. Sunshine Infrawell Pvt. Ltd., tendered a Demand Draft of Rs. 1 crore representing the principal amount and a cheque for Rs. 45 lakhs as compensation, as per their agreement. The petitioner, M/s. Vipul Kulshrestha & Mrs. Sarika Kulshrestha, found this offer unacceptable. The Corporate Debtor expressed readiness to return the principal amount but stated their inability to tender possession of the flat or provide compensation for the delay. The court noted the conduct of the Corporate Debtor and directed that the instruments be kept in a sealed cover with the Ld. Registrar, NCLT, allowing the petitioner to seek its release from the
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Hearing before the New…
The case involves M/s. Vipul Kulshrestha & Mrs. Sarika Kulshrestha V/s. M/s. Sunshine Infrawell Pvt. Ltd. The Corporate Debtor tendered a Demand Draft of Rs. 1 crore (principal amount) and a cheque for Rs. 45 lakhs (compensation) as per the agreement. The petitioner found the offer unacceptable. The Corporate Debtor was ready to return the principal amount but could not tender possession of the flat or compensation for the delay.
M/s. Vipul Kulshrestha & Mrs. Sarika Kulshrestha filed a case against M/s. Sunshine Infrawell Pvt. Ltd. The Corporate Debtor, M/s. Sunshine Infrawell Pvt. Ltd., tendered a Demand Draft of Rs. 1 crore representing the principal amount and a cheque for Rs. 45 lakhs as compensation, as per their agreement. The petitioner, M/s. Vipul Kulshrestha & Mrs. Sarika Kulshrestha, found this offer unacceptable. The Corporate Debtor expressed readiness to return the principal amount but stated their inability to tender possession of the flat or provide compensation for the delay. The court noted the conduct of the Corporate Debtor and directed that the instruments be kept in a sealed cover with the Ld. Registrar, NCLT, allowing the petitioner to seek its release from the
…Hearing before the New…