The application IA 1404/2025 was filed by the Resolution Professional, Pankaj Bhattad, against M/s Home Grid through its Proprietor Mrs. Hetal Chandan Madan, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking to direct the Respondent to vacate the property leased from the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) of Gigeo Construction Company Private Limited was initiated on 04.06.2024.
The Corporate Debtor and the Respondent entered into a Leave and License agreement dated 01.07.2023 for a period of 3 years.
The property leased to the Respondent was located on the 4th floor of Fortune Mall, which was designated as a car parking area according to RERA sanctioned plans.
The Applicant (RP) asked the Respondent to vacate the premises due to the violation of RERA sanctioned plans.
The Respondent refused to vacate the property, alleging misconduct by the Corporate Debtor's management.
The Respondent claimed to have made substantial investments in the premises for a furniture showroom.
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Corporate Insolvency…
Corporate Debtor and…
The application IA 1404/2025 was filed by the Resolution Professional, Pankaj Bhattad, against M/s Home Grid through its Proprietor Mrs. Hetal Chandan Madan, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking to direct the Respondent to vacate the property leased from the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) of Gigeo Construction Company Private Limited was initiated on 04.06.2024.
The Corporate Debtor and the Respondent entered into a Leave and License agreement dated 01.07.2023 for a period of 3 years.
The property leased to the Respondent was located on the 4th floor of Fortune Mall, which was designated as a car parking area according to RERA sanctioned plans.
The Applicant (RP) asked the Respondent to vacate the premises due to the violation of RERA sanctioned plans.
The Respondent refused to vacate the property, alleging misconduct by the Corporate Debtor's management.
The Respondent claimed to have made substantial investments in the premises for a furniture showroom.
…Corporate Insolvency…
Corporate Debtor and…