The case involves an application (IA-3821/2023) filed by Mr. Ayush Goel, a homebuyer and financial creditor, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. Mr. Goel sought relief related to the Corporate Insolvency Resolution Process (CIRP) of M/s. Logix City Developers Private Limited. An earlier application under section 7 of the IBC was filed by Mr. Anil Kaushal & Ors. against Logix City Developers, which was admitted on 17.08.2022, leading to a moratorium and the appointment of an Interim Resolution Professional. Mr. Goel, an allottee of a flat in the 'Blossom Zest' project, claims to have made substantial payments but was unaware of the CIRP due to health issues and filed his claim late.
Mr. Ayush Goel, a homebuyer, filed an application (IA-3821/2023) under Section 60(5) of the IBC, seeking relief related to the CIRP of M/s. Logix City Developers Private Limited. Logix City Developers is undergoing CIRP following the admission of an application under Section 7 of the IBC filed by Mr. Anil Kaushal & Ors. on 17.08.2022. Mr. Goel is an allottee of unit no. C-1705 in the 'Blossom Zest' project, having paid Rs. 32,90,000/- towards the sale consideration of Rs. 32,75,000/-. He received an allotment letter dated 30.07.2021 and a 'No Dues' certificate dated 12.03.2022. Mr. Goel claims he was unaware of the CIRP due to health issues and filed his claim late. The Resolution Plan proposes to hand over possession of flats to all bona fide allottees,
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M/s Logix City Developers Private Limited…
Logix City Developers…
The case involves an application (IA-3821/2023) filed by Mr. Ayush Goel, a homebuyer and financial creditor, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. Mr. Goel sought relief related to the Corporate Insolvency Resolution Process (CIRP) of M/s. Logix City Developers Private Limited. An earlier application under section 7 of the IBC was filed by Mr. Anil Kaushal & Ors. against Logix City Developers, which was admitted on 17.08.2022, leading to a moratorium and the appointment of an Interim Resolution Professional. Mr. Goel, an allottee of a flat in the 'Blossom Zest' project, claims to have made substantial payments but was unaware of the CIRP due to health issues and filed his claim late.
Mr. Ayush Goel, a homebuyer, filed an application (IA-3821/2023) under Section 60(5) of the IBC, seeking relief related to the CIRP of M/s. Logix City Developers Private Limited. Logix City Developers is undergoing CIRP following the admission of an application under Section 7 of the IBC filed by Mr. Anil Kaushal & Ors. on 17.08.2022. Mr. Goel is an allottee of unit no. C-1705 in the 'Blossom Zest' project, having paid Rs. 32,90,000/- towards the sale consideration of Rs. 32,75,000/-. He received an allotment letter dated 30.07.2021 and a 'No Dues' certificate dated 12.03.2022. Mr. Goel claims he was unaware of the CIRP due to health issues and filed his claim late. The Resolution Plan proposes to hand over possession of flats to all bona fide allottees,
…M/s Logix City Developers Private Limited…
Logix City Developers…