The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate a corporate insolvency resolution process against Unitech Hi-Tech Developers Limited. The petitioner, Raman Seth, booked an apartment in Unitech Grande Sector 96, 97, 98, Noida, and was issued a provisional allotment letter dated 14th August 2010. The petitioner claims to have paid Rs. 1,25,20,514 to the respondent. The provisional date of allotment was 12th August 2010, with possession to be delivered within 30 months from that date. The petitioner alleges that the respondent failed to deliver possession and refund the deposited amount with interest. The applicant claims an outstanding default amount of Rs. 1,37,72,565.40 as of 12.02.2013. A demand
…Raman Seth, the petitioner, booked an apartment in Unitech Grande Sector 96, 97, 98, Noida. A provisional allotment letter was issued on 14th August 2010. The petitioner paid Rs. 1,25,20,514 to Unitech Hi-Tech Developers Ltd., the respondent, for the apartment. The provisional allotment date was 12th August 2010, with possession promised within 30 months from that date. Unitech Hi-Tech Developers Ltd. allegedly failed to deliver possession of the apartment within the stipulated time and did not refund the deposited amount with interest. The applicant claims an outstanding default of Rs. 1,37,72,565.40 as of 12.02.2013. A demand notice was issued on 24.01.2017 under the Insolvency and Bankruptcy Code, 2016. ICICI Bank certified that there had been no payments from
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Provisional allotment letter issued to the…
Provisional d…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate a corporate insolvency resolution process against Unitech Hi-Tech Developers Limited. The petitioner, Raman Seth, booked an apartment in Unitech Grande Sector 96, 97, 98, Noida, and was issued a provisional allotment letter dated 14th August 2010. The petitioner claims to have paid Rs. 1,25,20,514 to the respondent. The provisional date of allotment was 12th August 2010, with possession to be delivered within 30 months from that date. The petitioner alleges that the respondent failed to deliver possession and refund the deposited amount with interest. The applicant claims an outstanding default amount of Rs. 1,37,72,565.40 as of 12.02.2013. A demand
…Raman Seth, the petitioner, booked an apartment in Unitech Grande Sector 96, 97, 98, Noida. A provisional allotment letter was issued on 14th August 2010. The petitioner paid Rs. 1,25,20,514 to Unitech Hi-Tech Developers Ltd., the respondent, for the apartment. The provisional allotment date was 12th August 2010, with possession promised within 30 months from that date. Unitech Hi-Tech Developers Ltd. allegedly failed to deliver possession of the apartment within the stipulated time and did not refund the deposited amount with interest. The applicant claims an outstanding default of Rs. 1,37,72,565.40 as of 12.02.2013. A demand notice was issued on 24.01.2017 under the Insolvency and Bankruptcy Code, 2016. ICICI Bank certified that there had been no payments from
…Provisional allotment letter issued to the…
Provisional d…