The case involves an application filed by Schenck Process Solutions India Private Limited (Applicant) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking a direction from the Adjudicating Authority to the Sub-Registrar, Gurugram, Haryana (Respondent) to expedite the registration of a Sale Deed in favor of the Applicant. The Corporate Debtor, Jenson and Nicholson (India) Limited, is undergoing liquidation under Section 33 of the I&B Code. The Corporate Debtor had leased a portion of its land to Schenck Johnson & Nicholson Sensors Private Limited, which later amalgamated with Schenck Process India Private Limited. The Liquidator, appointed by the Bench, sought to sell the land parcel to Schenck Process India Private Limited. The Liquidator
…Jenson and Nicholson (India) Limited (Corporate Debtor) is undergoing liquidation under Section 33 of the I&B Code. The Corporate Debtor owned 14.09 acres of land in Naurangpur, Gurugram, Haryana, as per sale deeds dated September 25, 1992, and September 05, 1992. The Corporate Debtor leased a portion of this land to Schenck Johnson & Nicholson Sensors Private Limited for 90 years. This company later amalgamated with Schenck Process India Private Limited in 2000. Schenck Process India Private Limited constructed a building on the leased land. The Liquidator, appointed by the Bench, approached Schenck Process India Private Limited to sell the land. The Liquidator filed I.A. 337/KB/2021 seeking permission to sell the land, which was dismissed. Schenck Process
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Corporate Debtor…
Corporate Debtor…
The case involves an application filed by Schenck Process Solutions India Private Limited (Applicant) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking a direction from the Adjudicating Authority to the Sub-Registrar, Gurugram, Haryana (Respondent) to expedite the registration of a Sale Deed in favor of the Applicant. The Corporate Debtor, Jenson and Nicholson (India) Limited, is undergoing liquidation under Section 33 of the I&B Code. The Corporate Debtor had leased a portion of its land to Schenck Johnson & Nicholson Sensors Private Limited, which later amalgamated with Schenck Process India Private Limited. The Liquidator, appointed by the Bench, sought to sell the land parcel to Schenck Process India Private Limited. The Liquidator
…Jenson and Nicholson (India) Limited (Corporate Debtor) is undergoing liquidation under Section 33 of the I&B Code. The Corporate Debtor owned 14.09 acres of land in Naurangpur, Gurugram, Haryana, as per sale deeds dated September 25, 1992, and September 05, 1992. The Corporate Debtor leased a portion of this land to Schenck Johnson & Nicholson Sensors Private Limited for 90 years. This company later amalgamated with Schenck Process India Private Limited in 2000. Schenck Process India Private Limited constructed a building on the leased land. The Liquidator, appointed by the Bench, approached Schenck Process India Private Limited to sell the land. The Liquidator filed I.A. 337/KB/2021 seeking permission to sell the land, which was dismissed. Schenck Process
…Corporate Debtor…
Corporate Debtor…