The case involves an application (I.A. No. 4099/2024) filed by Mehek Lucky Pamnani and another applicant against Amit Vijay Karia (Resolution Professional) and RKG Fund-1 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking condonation of delay in submitting their claim as homebuyers in the Corporate Insolvency Resolution Process (CIRP) of Siddhi Raj Housing Project Private Limited.
The Applicants, Mehek Lucky Pamnani and Lucky Vashdev Pamnani, purchased Flat No. 1302 in the 'Altus' building developed by the Corporate Debtor, Siddhi Raj Housing Project Private Limited.
The applicants paid ₹4,61,00,016/- towards the purchase of the flat, including a housing loan from Piramal Capital and Housing Finance Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Siddhi Raj Housing Project Private Limited on 02.05.2023.
The applicants, residing in Melbourne, Australia, submitted their claim in Form CA on July 12, 2024, which was rejected by the Resolution Professional due to a delay of 423 days from the public announcement and 347 days beyond the permissible period under Regulation 12 of the CIRP Regulations.
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Corporate Insolvency Resolution Process (CIRP)…
Respondent-1 on 05.05.2023, as required under…
The case involves an application (I.A. No. 4099/2024) filed by Mehek Lucky Pamnani and another applicant against Amit Vijay Karia (Resolution Professional) and RKG Fund-1 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking condonation of delay in submitting their claim as homebuyers in the Corporate Insolvency Resolution Process (CIRP) of Siddhi Raj Housing Project Private Limited.
The Applicants, Mehek Lucky Pamnani and Lucky Vashdev Pamnani, purchased Flat No. 1302 in the 'Altus' building developed by the Corporate Debtor, Siddhi Raj Housing Project Private Limited.
The applicants paid ₹4,61,00,016/- towards the purchase of the flat, including a housing loan from Piramal Capital and Housing Finance Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Siddhi Raj Housing Project Private Limited on 02.05.2023.
The applicants, residing in Melbourne, Australia, submitted their claim in Form CA on July 12, 2024, which was rejected by the Resolution Professional due to a delay of 423 days from the public announcement and 347 days beyond the permissible period under Regulation 12 of the CIRP Regulations.
…Corporate Insolvency Resolution Process (CIRP)…
Respondent-1 on 05.05.2023, as required under…