The case involves a dispute over land admeasuring Acres 2-2.39 guntas situated in Survey No.104 (p) & 134 (p), Gachibowli Village, Serilingampally Mandal, Ranga Reddy District. AGR Constructions Pvt. Ltd. filed an application seeking to exclude this land from the Corporate Debtor's assets and to prevent the Resolution Professional from claiming rights over it. The Financial Creditor, Edelweiss Asset Reconstruction Company, initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Minerva Enterprises Pvt. Ltd. AGR Constructions claims that the admission order obtained by the Financial Creditor was fraudulent. The Telangana Housing Board (THB) had initially entered into a Development Agreement with Universal Realtors Pvt Ltd. (URPL), who
…M/s. AGR Constructions Pvt. Ltd. filed an application against M/s. Edelweiss Asset Reconstruction Co. Ltd. (Financial Creditor) and M/s. Minerva Enterprises Pvt. Ltd. (Corporate Debtor) seeking to exclude land from the Corporate Debtor's assets. The land in question is Acres 2-2.39 guntas in Survey No.104 (p) & 134 (p), Gachibowli Village. The Financial Creditor initiated CIRP against the Corporate Debtor, which was admitted on 14.07.2022. AGR Constructions claims the admission order was obtained by fraud. The Telangana Housing Board (THB) entered into a Development Agreement with M/s. Universal Realtors Pvt Ltd. (URPL). URPL entered into an agreement for sale with AGR Constructions. AGR Constructions then entered into an agreement of sale with the Corporate
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The Financial Creditor, M/s. Edelweiss Asset…
The Tribunal admitted…
The case involves a dispute over land admeasuring Acres 2-2.39 guntas situated in Survey No.104 (p) & 134 (p), Gachibowli Village, Serilingampally Mandal, Ranga Reddy District. AGR Constructions Pvt. Ltd. filed an application seeking to exclude this land from the Corporate Debtor's assets and to prevent the Resolution Professional from claiming rights over it. The Financial Creditor, Edelweiss Asset Reconstruction Company, initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Minerva Enterprises Pvt. Ltd. AGR Constructions claims that the admission order obtained by the Financial Creditor was fraudulent. The Telangana Housing Board (THB) had initially entered into a Development Agreement with Universal Realtors Pvt Ltd. (URPL), who
…M/s. AGR Constructions Pvt. Ltd. filed an application against M/s. Edelweiss Asset Reconstruction Co. Ltd. (Financial Creditor) and M/s. Minerva Enterprises Pvt. Ltd. (Corporate Debtor) seeking to exclude land from the Corporate Debtor's assets. The land in question is Acres 2-2.39 guntas in Survey No.104 (p) & 134 (p), Gachibowli Village. The Financial Creditor initiated CIRP against the Corporate Debtor, which was admitted on 14.07.2022. AGR Constructions claims the admission order was obtained by fraud. The Telangana Housing Board (THB) entered into a Development Agreement with M/s. Universal Realtors Pvt Ltd. (URPL). URPL entered into an agreement for sale with AGR Constructions. AGR Constructions then entered into an agreement of sale with the Corporate
…The Financial Creditor, M/s. Edelweiss Asset…
The Tribunal admitted…