The case involves an application (I.A./5731/ND/2022) in a Company Petition (IB)-2900 (ND)/2019 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The application is preferred on behalf of 5 homebuyers/real estate allottees ('Interveners') of M/s. Aegis Value Homes Limited ('Corporate Debtor'). The interveners are opposing the prayers sought in application I.A. 4981(ND)/2022 filed by Ms. Hemi Gupta, the Interim Resolution Professional (IRP) of the Corporate Debtor, seeking withdrawal of the company petition CP IB No. 2900(ND) of 2019 under Section 12A of the IBC. The CIRP was initiated against Aegis Value Homes Limited after a petition filed under Section 7 of the Code, 2016, by 13 financial creditors/real estate allottees was admitted on 22.09.2022. The
…A Company Petition (IB)-2900 (ND)/2019 was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by 13 financial creditors/real estate allottees against M/s. Aegis Value Homes Limited ('Corporate Debtor'). The petition was admitted on 22.09.2022, initiating the Corporate Insolvency Resolution Process (CIRP). Ms. Hemi Gupta, the Interim Resolution Professional (IRP), made a public announcement on 23.09.2022. The interveners, who are homebuyers/real estate allottees, were in the process of filing their claims with the IRP. However, the NCLAT granted an interim stay on the CIRP admission order on 29.09.2022. The suspended management of the corporate debtor allegedly settled with the original 13 Section 7 applicant home buyers, ignoring the other 107
…Sign in to view the parties.
Company Petit…
The petition was…
The case involves an application (I.A./5731/ND/2022) in a Company Petition (IB)-2900 (ND)/2019 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The application is preferred on behalf of 5 homebuyers/real estate allottees ('Interveners') of M/s. Aegis Value Homes Limited ('Corporate Debtor'). The interveners are opposing the prayers sought in application I.A. 4981(ND)/2022 filed by Ms. Hemi Gupta, the Interim Resolution Professional (IRP) of the Corporate Debtor, seeking withdrawal of the company petition CP IB No. 2900(ND) of 2019 under Section 12A of the IBC. The CIRP was initiated against Aegis Value Homes Limited after a petition filed under Section 7 of the Code, 2016, by 13 financial creditors/real estate allottees was admitted on 22.09.2022. The
…A Company Petition (IB)-2900 (ND)/2019 was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by 13 financial creditors/real estate allottees against M/s. Aegis Value Homes Limited ('Corporate Debtor'). The petition was admitted on 22.09.2022, initiating the Corporate Insolvency Resolution Process (CIRP). Ms. Hemi Gupta, the Interim Resolution Professional (IRP), made a public announcement on 23.09.2022. The interveners, who are homebuyers/real estate allottees, were in the process of filing their claims with the IRP. However, the NCLAT granted an interim stay on the CIRP admission order on 29.09.2022. The suspended management of the corporate debtor allegedly settled with the original 13 Section 7 applicant home buyers, ignoring the other 107
…Company Petit…
The petition was…