The case involves multiple applications (IA-478/2024, IA-5939/2023, IA-6583/2023, IA-6586/2023) filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, before the NCLT. These applications relate to the Corporate Insolvency Resolution Process (CIRP) of Ansal Urban Condominiums Private Limited. The CIRP was initiated based on an application filed by the financial creditor, Vistra ITCL (India) Limited, which was admitted on 2022-03-10. The applications primarily concern disputes related to Floor Space Index (FSI) agreements, the resolution plan, and the treatment of allottees.
1. Vistra ITCL (India) Limited initiated CIRP against Ansal Urban Condominiums Private Limited under Section 7 of IBC, admitted on 2022-03-10.
2. Rajesh Ramani was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional.
3. One City Infrastructure Private Limited submitted a Resolution Plan, approved by the CoC on 2023-08-03 (e-voting concluded on 2023-08-09) with 100% voting share.
4. ASGI Properties Private Limited, Adwik Homes Private Limited, and Supriya Singh & Ors. filed applications objecting to the Resolution Plan, primarily concerning FSI agreements and treatment of allottees.
5. ASGI Properties Private Limited had entered into MOUs with Ansal Urban Condominiums Private Limited for the purchase of FSI in various
Sign in to view the parties.
Application under Section 7 of IBC filed by…
Rajesh Ramani was confirmed as the Resolution…
The case involves multiple applications (IA-478/2024, IA-5939/2023, IA-6583/2023, IA-6586/2023) filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, before the NCLT. These applications relate to the Corporate Insolvency Resolution Process (CIRP) of Ansal Urban Condominiums Private Limited. The CIRP was initiated based on an application filed by the financial creditor, Vistra ITCL (India) Limited, which was admitted on 2022-03-10. The applications primarily concern disputes related to Floor Space Index (FSI) agreements, the resolution plan, and the treatment of allottees.
1. Vistra ITCL (India) Limited initiated CIRP against Ansal Urban Condominiums Private Limited under Section 7 of IBC, admitted on 2022-03-10.
2. Rajesh Ramani was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional.
3. One City Infrastructure Private Limited submitted a Resolution Plan, approved by the CoC on 2023-08-03 (e-voting concluded on 2023-08-09) with 100% voting share.
4. ASGI Properties Private Limited, Adwik Homes Private Limited, and Supriya Singh & Ors. filed applications objecting to the Resolution Plan, primarily concerning FSI agreements and treatment of allottees.
5. ASGI Properties Private Limited had entered into MOUs with Ansal Urban Condominiums Private Limited for the purchase of FSI in various
Application under Section 7 of IBC filed by…
Rajesh Ramani was confirmed as the Resolution…