The case involves multiple applications (IAs) filed in relation to the Corporate Insolvency Resolution Process (CIRP) of Land Mark Housing Projects Chennai Pvt Ltd. The applications were filed by unsecured financial creditors seeking liquidation, and also by secured/unsecured creditors and landowners seeking intervention. The primary application under consideration is IA(IBC)/34/(CHE)2025, seeking an extension of the resolution plan execution period.
Land Mark Housing Projects Chennai Pvt Ltd is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. Several applications (IAs) were filed in connection with the CIRP, including IA(IBC)/34/(CHE)2025, which sought an extension of the resolution plan execution period until 26.06.2025. The monitoring committee had recommended a 3-month extension, but this period lapsed on 26.03.2025. Unsecured financial creditors filed applications seeking liquidation of the Corporate Debtor. Other applications were filed by secured/unsecured creditors and landowners seeking intervention in IA/34/2025. An application was filed seeking direction to the resolution applicant to settle an admitted amount of Rs.39,28,21,071/- to the
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Hearing held on…
During the hearing dated 07.04.2025, the…
The case involves multiple applications (IAs) filed in relation to the Corporate Insolvency Resolution Process (CIRP) of Land Mark Housing Projects Chennai Pvt Ltd. The applications were filed by unsecured financial creditors seeking liquidation, and also by secured/unsecured creditors and landowners seeking intervention. The primary application under consideration is IA(IBC)/34/(CHE)2025, seeking an extension of the resolution plan execution period.
Land Mark Housing Projects Chennai Pvt Ltd is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. Several applications (IAs) were filed in connection with the CIRP, including IA(IBC)/34/(CHE)2025, which sought an extension of the resolution plan execution period until 26.06.2025. The monitoring committee had recommended a 3-month extension, but this period lapsed on 26.03.2025. Unsecured financial creditors filed applications seeking liquidation of the Corporate Debtor. Other applications were filed by secured/unsecured creditors and landowners seeking intervention in IA/34/2025. An application was filed seeking direction to the resolution applicant to settle an admitted amount of Rs.39,28,21,071/- to the
…Hearing held on…
During the hearing dated 07.04.2025, the…