The case involves a resolution plan proposed by home buyers of Universal Aura and Universal Green for the completion of a project. Dewan Housing Finance Ltd. is the financial institution involved. The Resolution Applicant is willing to settle the outstanding debt liability. Several applications (CA 501/2019 and CA 439/2019) have been filed related to bank guarantees and status quo of land belonging to the respondent. The court is addressing issues related to the resolution plan, bank guarantees, and contributions to the Corporate Insolvency Resolution (CIR) process costs.
Pallavi Joshi Bakhru filed a case against Universal Buildwel Pvt. Ltd. A resolution plan has been proposed by home buyers of Universal Aura and Universal Green. Dewan Housing Finance Ltd. is a financial institution involved. The Resolution Applicant is ready to settle the outstanding debt. CA 501/2019 was filed for the release of an amount by way of security for furnishing a bank guarantee valid until July 31, 2019, given by the Corporate Debtor and its Directors. CA 439/2019 was filed by the Resolution Professional (RP) for a status quo regarding land belonging to Respondent no. 1. An MOU dated March 12, 2010, was declared cancelled by an order dated January 24, 2018. Some COC members have not contributed to the CIR process costs. The court directed financial
…Sign in to view the parties.
Hearing before the New…
Bank guarantee…
The case involves a resolution plan proposed by home buyers of Universal Aura and Universal Green for the completion of a project. Dewan Housing Finance Ltd. is the financial institution involved. The Resolution Applicant is willing to settle the outstanding debt liability. Several applications (CA 501/2019 and CA 439/2019) have been filed related to bank guarantees and status quo of land belonging to the respondent. The court is addressing issues related to the resolution plan, bank guarantees, and contributions to the Corporate Insolvency Resolution (CIR) process costs.
Pallavi Joshi Bakhru filed a case against Universal Buildwel Pvt. Ltd. A resolution plan has been proposed by home buyers of Universal Aura and Universal Green. Dewan Housing Finance Ltd. is a financial institution involved. The Resolution Applicant is ready to settle the outstanding debt. CA 501/2019 was filed for the release of an amount by way of security for furnishing a bank guarantee valid until July 31, 2019, given by the Corporate Debtor and its Directors. CA 439/2019 was filed by the Resolution Professional (RP) for a status quo regarding land belonging to Respondent no. 1. An MOU dated March 12, 2010, was declared cancelled by an order dated January 24, 2018. Some COC members have not contributed to the CIR process costs. The court directed financial
…Hearing before the New…
Bank guarantee…