The main petition was filed by Mrs. Saroj Gupta ('Financial Creditor') against the Corporate Debtor, Astha Buildhome Developers Private Limited ('Corporate Debtor'), under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was allowed, and CIRP was initiated against the Corporate Debtor.
Mrs. Saroj Gupta filed a petition against Aastha Buildhome Developers Pvt. Ltd. under Section 7 of the IBC.
The Adjudicating Authority allowed the petition and initiated CIRP against the Corporate Debtor on 09.10.2022.
Ashish Heights Maintenance and Welfare Society filed IA No. 490/JPR/2023 for non-consideration of claim by the Resolution Professional.
The Applicant claimed to be a Financial Creditor based on amounts collected for maintenance and incomplete construction.
The Corporate Debtor failed to complete the project by 30.06.2016 and induced allottees to execute sale deeds while the project was pending.
The Corporate Debtor entered into an agreement with flat owners on 21.07.2018 acknowledging the incomplete project.
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Main petition filed…
Adjudicating Authority allowed the petition…
The main petition was filed by Mrs. Saroj Gupta ('Financial Creditor') against the Corporate Debtor, Astha Buildhome Developers Private Limited ('Corporate Debtor'), under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was allowed, and CIRP was initiated against the Corporate Debtor.
Mrs. Saroj Gupta filed a petition against Aastha Buildhome Developers Pvt. Ltd. under Section 7 of the IBC.
The Adjudicating Authority allowed the petition and initiated CIRP against the Corporate Debtor on 09.10.2022.
Ashish Heights Maintenance and Welfare Society filed IA No. 490/JPR/2023 for non-consideration of claim by the Resolution Professional.
The Applicant claimed to be a Financial Creditor based on amounts collected for maintenance and incomplete construction.
The Corporate Debtor failed to complete the project by 30.06.2016 and induced allottees to execute sale deeds while the project was pending.
The Corporate Debtor entered into an agreement with flat owners on 21.07.2018 acknowledging the incomplete project.
…Main petition filed…
Adjudicating Authority allowed the petition…