Mr. Prakash Dhayapule filed an Interlocutory Application (IA) challenging the inclusion of his land (19.35 acres) in the Corporate Debtor's (Shree Kedarnath Sugar and Agro Products Limited) resolution plan, which was approved on 21.09.2020. He claims to have purchased this land, which was wrongly stated as an asset of the Corporate Debtor. The land was categorized as 'Land 3' in the plan, owned by third parties/promoters' relatives, but the plan stated it would transfer to the Corporate Debtor. An order by the Assistant Commissioner on 31.07.2025 directed recording these lands in the Corporate Debtor's name, without issuing notice to the applicant.
Interlocutory Application No. 4964 of 2025 ('Application') was filed by Mr. Prakash Dhayapule ('Applicant') on 21.10.2025.
The application is filed against M/s Shri Sai Priya Sugars Limited and Others ('Successful Resolution Applicant').
The Resolution Plan for resolution of the Corporate Debtor, M/s Shree Kedarnath Sugar and Agro Products Limited, was approved on 21.09.2020 by this Tribunal.
The Applicant prays for clarification or modification of the Tribunal's Resolution Plan approval order dated 21.09.2020 regarding land parcels admeasuring 19.35 acres of 'Land 3'.
The Applicant claims to have purchased the said land, comprising Survey numbers 77/2, 85/1, and 80/2, situated at Kerakalamatti village, Taluka Badami.
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The Corporate Debtor, Shree Kedarnath Sugar and…
The Resolution Plan of M/s Shri Sai Priya…
Mr. Prakash Dhayapule filed an Interlocutory Application (IA) challenging the inclusion of his land (19.35 acres) in the Corporate Debtor's (Shree Kedarnath Sugar and Agro Products Limited) resolution plan, which was approved on 21.09.2020. He claims to have purchased this land, which was wrongly stated as an asset of the Corporate Debtor. The land was categorized as 'Land 3' in the plan, owned by third parties/promoters' relatives, but the plan stated it would transfer to the Corporate Debtor. An order by the Assistant Commissioner on 31.07.2025 directed recording these lands in the Corporate Debtor's name, without issuing notice to the applicant.
Interlocutory Application No. 4964 of 2025 ('Application') was filed by Mr. Prakash Dhayapule ('Applicant') on 21.10.2025.
The application is filed against M/s Shri Sai Priya Sugars Limited and Others ('Successful Resolution Applicant').
The Resolution Plan for resolution of the Corporate Debtor, M/s Shree Kedarnath Sugar and Agro Products Limited, was approved on 21.09.2020 by this Tribunal.
The Applicant prays for clarification or modification of the Tribunal's Resolution Plan approval order dated 21.09.2020 regarding land parcels admeasuring 19.35 acres of 'Land 3'.
The Applicant claims to have purchased the said land, comprising Survey numbers 77/2, 85/1, and 80/2, situated at Kerakalamatti village, Taluka Badami.
…The Corporate Debtor, Shree Kedarnath Sugar and…
The Resolution Plan of M/s Shri Sai Priya…