The applicant, Barodia Kirtikumar Champaklal, filed an application claiming to be treated as a home buyer based on a provisional allotment letter dated October 20, 2015, for two flats in a project by Radius Estates and Developers Private Limited, the Corporate Debtor. The applicant claimed ignorance of the insolvency proceedings against the Corporate Debtor and filed a claim with the Resolution Professional (RP) on September 19, 2022, after learning about the proceedings. The applicant stated he had paid Rs. 3,96,000 towards the cost of the flats via cheques dated September 22, 2015, and was provisionally allotted units T2-A2 and T2-A3. The RP rejected the claim, leading to the present application.
Barodia Kirtikumar Champaklal, the applicant, claimed to have agreed to purchase two flats from Radius Estates and Developers Private Limited (Corporate Debtor) based on a provisional allotment letter dated October 20, 2015. The applicant stated he was unaware of the insolvency proceedings against the Corporate Debtor. He filed a claim with the Resolution Professional (RP) on September 19, 2022, after learning about the insolvency proceedings. The applicant claimed to have paid Rs. 3,96,000 towards the cost of the flats via cheques dated September 22, 2015, and was provisionally allotted units T2-A2 and T2-A3. The RP rejected the claim, stating that the allotment was provisional and tentative, and the allotment letter was not part of the Corporate Debtor's records. The
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The applicant, Barodia Kirtikumar Champaklal, filed an application claiming to be treated as a home buyer based on a provisional allotment letter dated October 20, 2015, for two flats in a project by Radius Estates and Developers Private Limited, the Corporate Debtor. The applicant claimed ignorance of the insolvency proceedings against the Corporate Debtor and filed a claim with the Resolution Professional (RP) on September 19, 2022, after learning about the proceedings. The applicant stated he had paid Rs. 3,96,000 towards the cost of the flats via cheques dated September 22, 2015, and was provisionally allotted units T2-A2 and T2-A3. The RP rejected the claim, leading to the present application.
Barodia Kirtikumar Champaklal, the applicant, claimed to have agreed to purchase two flats from Radius Estates and Developers Private Limited (Corporate Debtor) based on a provisional allotment letter dated October 20, 2015. The applicant stated he was unaware of the insolvency proceedings against the Corporate Debtor. He filed a claim with the Resolution Professional (RP) on September 19, 2022, after learning about the insolvency proceedings. The applicant claimed to have paid Rs. 3,96,000 towards the cost of the flats via cheques dated September 22, 2015, and was provisionally allotted units T2-A2 and T2-A3. The RP rejected the claim, stating that the allotment was provisional and tentative, and the allotment letter was not part of the Corporate Debtor's records. The
…Applicant received a…
Applicant made payments…