The document pertains to applications filed under the Insolvency and Bankruptcy Code, 2016 (I&B Code) before the National Company Law Tribunal (NCLT), Bengaluru. The applications relate to the liquidation process of M/s Unishire Housing LLP and involve the sale of assets and development rights to realize the dues of creditors and homebuyers. The case involves multiple IAs, including I.A No. 122/2023 and I.A No. 306/2023, filed by the Liquidator seeking permission to sell properties and cancel agreements.
M/s. VSL Securities Private Limited filed a petition against M/s Unishire Housing LLP under Section 7 of the I&B Code, 2016. The Liquidator filed I.A No. 122/2023 seeking permission to sell 58% development rights owned by Unishire Housing LLP in the Xelix Hennure project, free from encumbrances, to Respondents NO.1 to 9, based on a sale notice dated 2.10.2020. The Liquidator also sought directions for Respondents No.1 to 9 to cooperate in realizing the development rights and to cancel agreements between Xelix Hennur homebuyers and the Corporate Debtor/Landowners. The Liquidator also filed I.A No. 306/2023 seeking permission to sell property bearing Sy. No.11/2, 11/4, 11/5 & 11/6 situated at Gottigere Village, Uttarahalli Hobli, Bengaluru South Taluk,
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Sale notice date for the 58% Development…
Date of the Joint Development Agreement…
The document pertains to applications filed under the Insolvency and Bankruptcy Code, 2016 (I&B Code) before the National Company Law Tribunal (NCLT), Bengaluru. The applications relate to the liquidation process of M/s Unishire Housing LLP and involve the sale of assets and development rights to realize the dues of creditors and homebuyers. The case involves multiple IAs, including I.A No. 122/2023 and I.A No. 306/2023, filed by the Liquidator seeking permission to sell properties and cancel agreements.
M/s. VSL Securities Private Limited filed a petition against M/s Unishire Housing LLP under Section 7 of the I&B Code, 2016. The Liquidator filed I.A No. 122/2023 seeking permission to sell 58% development rights owned by Unishire Housing LLP in the Xelix Hennure project, free from encumbrances, to Respondents NO.1 to 9, based on a sale notice dated 2.10.2020. The Liquidator also sought directions for Respondents No.1 to 9 to cooperate in realizing the development rights and to cancel agreements between Xelix Hennur homebuyers and the Corporate Debtor/Landowners. The Liquidator also filed I.A No. 306/2023 seeking permission to sell property bearing Sy. No.11/2, 11/4, 11/5 & 11/6 situated at Gottigere Village, Uttarahalli Hobli, Bengaluru South Taluk,
…Sale notice date for the 58% Development…
Date of the Joint Development Agreement…