The case involves IA 1699/2020 and IA 2094/2020 in CP (IB) 2285/MB/C-II/2018 before the NCLT Mumbai Bench, Court-II. Mr. Nishant Singhal filed IA 1699/2020 seeking compliance with prior orders regarding rent payments. Mr. Naval Kumar Bhoot, an ex-director of the Corporate Debtor, filed IA 2094/2020 alleging fraudulent transactions by Mr. Singhal related to land purchase and rent agreements. The Resolution Professional also raised objections to Mr. Singhal's claims. The core dispute revolves around a sale deed and subsequent rent agreement between Mr. Singhal and the Corporate Debtor, with allegations of sham transactions to siphon funds.
Mr. Naval Kumar Bhoot, an ex-director of the Corporate Debtor, filed IA 2094/2020 seeking directions against the Resolution Professional. He sought a forensic audit of staff quarters and alleged fraud by Mr. Nishant Singhal. He also sought recovery of Rs. 35,25,000/- from Respondent No. 2 and rejection of Respondent No. 2's claim of Rs. 18,56,348/- for alleged rent arrears. Mr. Nishant Singhal filed IA 1699/2020 seeking compliance with prior orders regarding rent payments. The Corporate Debtor entered into a rent agreement (Rent Note) dated April 12, 2018, with Respondent No. 2, agreeing to pay monthly rent of Rs. 1,55,000/-. Phoenix Asset Reconstruction Company Private Limited filed a company petition against the Corporate Debtor, which was admitted under CIRP on
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Sale deed executed…
Rent agreement (Rent…
The case involves IA 1699/2020 and IA 2094/2020 in CP (IB) 2285/MB/C-II/2018 before the NCLT Mumbai Bench, Court-II. Mr. Nishant Singhal filed IA 1699/2020 seeking compliance with prior orders regarding rent payments. Mr. Naval Kumar Bhoot, an ex-director of the Corporate Debtor, filed IA 2094/2020 alleging fraudulent transactions by Mr. Singhal related to land purchase and rent agreements. The Resolution Professional also raised objections to Mr. Singhal's claims. The core dispute revolves around a sale deed and subsequent rent agreement between Mr. Singhal and the Corporate Debtor, with allegations of sham transactions to siphon funds.
Mr. Naval Kumar Bhoot, an ex-director of the Corporate Debtor, filed IA 2094/2020 seeking directions against the Resolution Professional. He sought a forensic audit of staff quarters and alleged fraud by Mr. Nishant Singhal. He also sought recovery of Rs. 35,25,000/- from Respondent No. 2 and rejection of Respondent No. 2's claim of Rs. 18,56,348/- for alleged rent arrears. Mr. Nishant Singhal filed IA 1699/2020 seeking compliance with prior orders regarding rent payments. The Corporate Debtor entered into a rent agreement (Rent Note) dated April 12, 2018, with Respondent No. 2, agreeing to pay monthly rent of Rs. 1,55,000/-. Phoenix Asset Reconstruction Company Private Limited filed a company petition against the Corporate Debtor, which was admitted under CIRP on
…Sale deed executed…
Rent agreement (Rent…