The case involves multiple applications (IA-3356/2020, IA-3629/2020, and IA-5001/2021) filed in the matter of IB-2130(ND)/2019, relating to the Corporate Insolvency Resolution Process (CIRP) of M/s. Today Homes & Infrastructure Private Limited. Dynacon Projects Private Limited initiated CIRP against Today Homes. Nilesh Sharma, the Resolution Professional (RP), filed IA-3356/2020 seeking directions to the erstwhile land owners (Respondents 1-4) to restore peaceful possession of land admeasuring 10.81 acres in Sector 73, Gurugram, where the Corporate Debtor is constructing a group housing project named "Canary Greens." The RP also sought directions to the Gurugram district administration to assist in securing possession and action against the respondents
…M/s. Dynacon Projects Private Limited initiated CIRP against M/s. Today Homes & Infrastructure Private Limited under Section 9 of the IBC, 2016. The Adjudicating Authority admitted the application on 31.10.2019 and initiated CIRP, declaring a moratorium under Section 14 of the IBC. Nilesh Sharma was appointed as the Resolution Professional (RP) on 09.01.2020. The dispute concerns land admeasuring 35.2062 acres in Behrampur, Gurugram, Haryana, owned by Shri Mordhwaj Singh, Shri Vikramjit Singh, Shri Ram Narayna Singh, and Shri Bhim Singh. In 2007, the land owners entered into a Development Agreement with M/s. New India City Developers Private Limited, granting development rights. Disputes arose, leading to arbitration and a Consent Award dated 05.09.2009. The land
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Land owners entered into a Development…
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The case involves multiple applications (IA-3356/2020, IA-3629/2020, and IA-5001/2021) filed in the matter of IB-2130(ND)/2019, relating to the Corporate Insolvency Resolution Process (CIRP) of M/s. Today Homes & Infrastructure Private Limited. Dynacon Projects Private Limited initiated CIRP against Today Homes. Nilesh Sharma, the Resolution Professional (RP), filed IA-3356/2020 seeking directions to the erstwhile land owners (Respondents 1-4) to restore peaceful possession of land admeasuring 10.81 acres in Sector 73, Gurugram, where the Corporate Debtor is constructing a group housing project named "Canary Greens." The RP also sought directions to the Gurugram district administration to assist in securing possession and action against the respondents
…M/s. Dynacon Projects Private Limited initiated CIRP against M/s. Today Homes & Infrastructure Private Limited under Section 9 of the IBC, 2016. The Adjudicating Authority admitted the application on 31.10.2019 and initiated CIRP, declaring a moratorium under Section 14 of the IBC. Nilesh Sharma was appointed as the Resolution Professional (RP) on 09.01.2020. The dispute concerns land admeasuring 35.2062 acres in Behrampur, Gurugram, Haryana, owned by Shri Mordhwaj Singh, Shri Vikramjit Singh, Shri Ram Narayna Singh, and Shri Bhim Singh. In 2007, the land owners entered into a Development Agreement with M/s. New India City Developers Private Limited, granting development rights. Disputes arose, leading to arbitration and a Consent Award dated 05.09.2009. The land
…Land owners entered into a Development…
A Consent Award was…