The case involves an application (IA-4876/2020) filed by Mr. Nilesh Sharma, the Resolution Professional of the Corporate Debtor, seeking certain reliefs related to the possession of land. The initial corporate insolvency resolution process (CIRP) was initiated by Dynacon Projects Private Limited against Today Homes & Infrastructure Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 31.10.2019, and a moratorium was declared. A resolution plan submitted by the Consortium of Canary Greens Buyers Welfare Association, Callidora Flat Owners Welfare Association, and Royal Elegencia Apartment Buyers Association was approved by the Committee of Creditors (CoC). The Resolution Professional then
…Dynacon Projects Private Limited initiated CIRP against Today Homes & Infrastructure Private Limited (Corporate Debtor) under Section 9 of IBC. The application was admitted on 31.10.2019, and a moratorium was declared. Mr. Nilesh Sharma was confirmed as the Resolution Professional. A resolution plan submitted by a consortium of buyer's welfare associations was approved by the CoC. The Resolution Professional submitted IA-4766/2021 for approval of the resolution plan, which is pending. The current application, IA-4876/2020, was filed by the Resolution Professional seeking possession of land based on a General Power of Attorney dated 06.08.2010, claiming the Corporate Debtor had development rights. The Respondents disputed the Resolution Professional's claim of
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Application under Section 9 of IBC filed by…
Mr. Nilesh Sharma was…
The case involves an application (IA-4876/2020) filed by Mr. Nilesh Sharma, the Resolution Professional of the Corporate Debtor, seeking certain reliefs related to the possession of land. The initial corporate insolvency resolution process (CIRP) was initiated by Dynacon Projects Private Limited against Today Homes & Infrastructure Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 31.10.2019, and a moratorium was declared. A resolution plan submitted by the Consortium of Canary Greens Buyers Welfare Association, Callidora Flat Owners Welfare Association, and Royal Elegencia Apartment Buyers Association was approved by the Committee of Creditors (CoC). The Resolution Professional then
…Dynacon Projects Private Limited initiated CIRP against Today Homes & Infrastructure Private Limited (Corporate Debtor) under Section 9 of IBC. The application was admitted on 31.10.2019, and a moratorium was declared. Mr. Nilesh Sharma was confirmed as the Resolution Professional. A resolution plan submitted by a consortium of buyer's welfare associations was approved by the CoC. The Resolution Professional submitted IA-4766/2021 for approval of the resolution plan, which is pending. The current application, IA-4876/2020, was filed by the Resolution Professional seeking possession of land based on a General Power of Attorney dated 06.08.2010, claiming the Corporate Debtor had development rights. The Respondents disputed the Resolution Professional's claim of
…Application under Section 9 of IBC filed by…
Mr. Nilesh Sharma was…