The case involves a petition filed by Mr. Amit Rajpal and Mrs. Sheetal Nityanand Samant, the Financial Creditors, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Shree Ahuja Properties and Realtors Private Limited, the Corporate Debtor. The Financial Creditors and Corporate Debtor entered into an agreement for sale on 01.10.2014, where the Financial Creditor became the owner of a flat in Ahuja Towers. The Financial Creditor paid a total consideration of Rs. 23,00,00,000/- to the Corporate Debtor. After the formation of the society, the committee member of the said society was demanding for payments of the corpus fund amount from the Financial Creditor for the said flat. The said
…Mr. Amit Rajpal and Mrs. Sheetal Nityanand Samant (Financial Creditors) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Ahuja Properties and Realtors Private Limited (Corporate Debtor). The Financial Creditors and the Corporate Debtor entered into an agreement for sale on 01.10.2014, where the Financial Creditors became the owners of Flat No. A-44 in Ahuja Towers, having paid Rs. 23,00,00,000/-. The Financial Creditors made several payments to the Corporate Debtor between 01.10.2014 and 20.11.2015, totaling Rs. 1,09,22,500/-. The flat owners of Ahuja Towers formed a co-operative society registered on 02.09.2016. The society demanded payment of a corpus fund of Rs.
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Financial Creditor and…
Financial Creditor paid…
The case involves a petition filed by Mr. Amit Rajpal and Mrs. Sheetal Nityanand Samant, the Financial Creditors, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Shree Ahuja Properties and Realtors Private Limited, the Corporate Debtor. The Financial Creditors and Corporate Debtor entered into an agreement for sale on 01.10.2014, where the Financial Creditor became the owner of a flat in Ahuja Towers. The Financial Creditor paid a total consideration of Rs. 23,00,00,000/- to the Corporate Debtor. After the formation of the society, the committee member of the said society was demanding for payments of the corpus fund amount from the Financial Creditor for the said flat. The said
…Mr. Amit Rajpal and Mrs. Sheetal Nityanand Samant (Financial Creditors) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Ahuja Properties and Realtors Private Limited (Corporate Debtor). The Financial Creditors and the Corporate Debtor entered into an agreement for sale on 01.10.2014, where the Financial Creditors became the owners of Flat No. A-44 in Ahuja Towers, having paid Rs. 23,00,00,000/-. The Financial Creditors made several payments to the Corporate Debtor between 01.10.2014 and 20.11.2015, totaling Rs. 1,09,22,500/-. The flat owners of Ahuja Towers formed a co-operative society registered on 02.09.2016. The society demanded payment of a corpus fund of Rs.
…Financial Creditor and…
Financial Creditor paid…