The case involves an application (IA-3777/2023) filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. The applicant, Colliers International India Property Pvt. Ltd. (formerly Synergy Property Development Services Private Limited), sought directions from the Adjudicating Authority regarding the verification and admission of its claims against the Corporate Debtor, M/s. Logix City Developers Private Limited. The applicant claimed to be both an operational creditor and a financial creditor. The initial application under Section 7 of the IBC filed by Mr. Anil Kaushal & Ors. (Financial Creditors) against the Corporate Debtor was admitted, and a moratorium was declared. The applicant had entered into an
…1. An application under Section 60(5) of the Code, 2016 read with Rule 11 of the NCLT Rules, 2016 was filed by the Applicant/ Allottees.
2. An application under section 7 of the Insolvency and Bankruptcy Code, 2016 ("IBC") was filed by the Financial Creditors i.e., Mr. Anil Kaushal & Ors. against the Corporate Debtor i.e., M/s. Logix City Developers Private Limited and the said application was admitted by the order of this Adjudicating Authority vide order dated 17.08.2022 and a moratorium was declared including the appointment of Mr. Manohar Lal Vij as an Interim Resolution Professional.
3. On 05.07.2011 Synergy Property Development Services Private Limited (now merged with Applicant) entered into an Agreement with the Corporate Debtor for providing
Sign in to view the parties.
Moratorium was declared including the…
Synergy Property Development Services Private…
The case involves an application (IA-3777/2023) filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. The applicant, Colliers International India Property Pvt. Ltd. (formerly Synergy Property Development Services Private Limited), sought directions from the Adjudicating Authority regarding the verification and admission of its claims against the Corporate Debtor, M/s. Logix City Developers Private Limited. The applicant claimed to be both an operational creditor and a financial creditor. The initial application under Section 7 of the IBC filed by Mr. Anil Kaushal & Ors. (Financial Creditors) against the Corporate Debtor was admitted, and a moratorium was declared. The applicant had entered into an
…1. An application under Section 60(5) of the Code, 2016 read with Rule 11 of the NCLT Rules, 2016 was filed by the Applicant/ Allottees.
2. An application under section 7 of the Insolvency and Bankruptcy Code, 2016 ("IBC") was filed by the Financial Creditors i.e., Mr. Anil Kaushal & Ors. against the Corporate Debtor i.e., M/s. Logix City Developers Private Limited and the said application was admitted by the order of this Adjudicating Authority vide order dated 17.08.2022 and a moratorium was declared including the appointment of Mr. Manohar Lal Vij as an Interim Resolution Professional.
3. On 05.07.2011 Synergy Property Development Services Private Limited (now merged with Applicant) entered into an Agreement with the Corporate Debtor for providing
Moratorium was declared including the…
Synergy Property Development Services Private…