Deattis Projects Private Limited, the successful bidder in an e-auction conducted by the liquidator for Anjali Waterford Hospitality & Infra Pvt Ltd, filed an application (IA 770/2023) seeking the cancellation of the e-auction and refund of the earnest money deposit (EMD) of Rs. 28,00,000. The applicant claimed that the assets put up for sale did not have a clear marketable title. The corporate debtor, Anjali Waterford Hospitality & Infra Pvt Ltd, was put into liquidation on 2022-05-13. The applicant participated in the e-auction conducted by the erstwhile liquidator and was declared the successful bidder. The liquidator issued a Letter of Intent (LOI) to the applicant. The applicant later claimed that the assets were acquired by the Corporate Debtor under the
…M/s Deattis Projects Private Limited, the successful bidder in an e-auction for the Corporate Debtor M/s Anjali Waterford Hospitality & Infra Pvt Ltd, filed IA No. 770/2023 seeking cancellation of the e-auction and refund of the EMD of Rs. 28,00,000. The Corporate Debtor was put into liquidation on 2022-05-13. The e-auction was conducted by the erstwhile liquidator with a reserve price of Rs. 280.00 Lakhs under 'AS IS WHERE IS' condition. The property put up for auction was Residential/Commercial land admeasuring 978.66 Sq. Yards. The applicant bid for the property and LOI was issued on 2023-02-06. The last date for payment of the remaining bid amount was 2023-05-02. The applicant claimed the asset for sale does not have clear marketable title. The applicant
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M/s Anjali Waterford…
The liquidator issued a…
Deattis Projects Private Limited, the successful bidder in an e-auction conducted by the liquidator for Anjali Waterford Hospitality & Infra Pvt Ltd, filed an application (IA 770/2023) seeking the cancellation of the e-auction and refund of the earnest money deposit (EMD) of Rs. 28,00,000. The applicant claimed that the assets put up for sale did not have a clear marketable title. The corporate debtor, Anjali Waterford Hospitality & Infra Pvt Ltd, was put into liquidation on 2022-05-13. The applicant participated in the e-auction conducted by the erstwhile liquidator and was declared the successful bidder. The liquidator issued a Letter of Intent (LOI) to the applicant. The applicant later claimed that the assets were acquired by the Corporate Debtor under the
…M/s Deattis Projects Private Limited, the successful bidder in an e-auction for the Corporate Debtor M/s Anjali Waterford Hospitality & Infra Pvt Ltd, filed IA No. 770/2023 seeking cancellation of the e-auction and refund of the EMD of Rs. 28,00,000. The Corporate Debtor was put into liquidation on 2022-05-13. The e-auction was conducted by the erstwhile liquidator with a reserve price of Rs. 280.00 Lakhs under 'AS IS WHERE IS' condition. The property put up for auction was Residential/Commercial land admeasuring 978.66 Sq. Yards. The applicant bid for the property and LOI was issued on 2023-02-06. The last date for payment of the remaining bid amount was 2023-05-02. The applicant claimed the asset for sale does not have clear marketable title. The applicant
…M/s Anjali Waterford…
The liquidator issued a…