Canara Bank initiated Corporate Insolvency Resolution Process (CIRP) against Riverbank Developers Private Limited. Mr. Sujay Shankar Mukherjee, an allottee of a flat and car parking space in the Corporate Debtor's project, filed an application seeking reinstatement of his allotment or an alternative unit. He had previously expressed an intention to cancel his allotment and sought a refund of Rs. 18 Lakhs, which the Corporate Debtor agreed to but never processed. Despite paying a significant amount, the Applicant was denied possession due to deficiencies and later informed his allotment was cancelled based on the unfulfilled refund request.
In March 2014, Sujay Shankar Mukherjee (Applicant) expressed his desire to purchase a flat and a covered car parking space in the "Hiland Greens" real estate project developed by Riverbank Developers Private Limited (Corporate Debtor).
By an Allotment Letter dated March 1, 2014, Flat No. 2A6 in Tower-17, and by another Allotment Letter dated May 15, 2014, a covered car parking space, were allotted to the Applicant.
The Applicant made an aggregate payment of Rs. 20,07,303/- towards the purchase of the said units.
On December 10, 2020, the Corporate Debtor called upon the Applicant to execute and register the Agreement for Sale.
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Applicant expressed desire to purchase a flat…
Flat No. 2A6 in…
Canara Bank initiated Corporate Insolvency Resolution Process (CIRP) against Riverbank Developers Private Limited. Mr. Sujay Shankar Mukherjee, an allottee of a flat and car parking space in the Corporate Debtor's project, filed an application seeking reinstatement of his allotment or an alternative unit. He had previously expressed an intention to cancel his allotment and sought a refund of Rs. 18 Lakhs, which the Corporate Debtor agreed to but never processed. Despite paying a significant amount, the Applicant was denied possession due to deficiencies and later informed his allotment was cancelled based on the unfulfilled refund request.
In March 2014, Sujay Shankar Mukherjee (Applicant) expressed his desire to purchase a flat and a covered car parking space in the "Hiland Greens" real estate project developed by Riverbank Developers Private Limited (Corporate Debtor).
By an Allotment Letter dated March 1, 2014, Flat No. 2A6 in Tower-17, and by another Allotment Letter dated May 15, 2014, a covered car parking space, were allotted to the Applicant.
The Applicant made an aggregate payment of Rs. 20,07,303/- towards the purchase of the said units.
On December 10, 2020, the Corporate Debtor called upon the Applicant to execute and register the Agreement for Sale.
…Applicant expressed desire to purchase a flat…
Flat No. 2A6 in…