The case involves an application filed by the Liquidator, Mr. Gaurav Adukia, seeking permission to pursue certain legal proceedings related to the Corporate Debtor, Sunshine Housing and Infrastructure Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, and a resolution plan submitted by Nandi Vardhan Infrastructure Ltd. was initially approved but later failed. Subsequently, liquidation was ordered, and Mr. Adukia was appointed as the Liquidator.
CIRP was initiated against Sunshine Housing and Infrastructure Private Limited.
Nandi Vardhan Infrastructure Ltd.'s resolution plan was initially approved but failed.
Liquidation was ordered, and Mr. Gaurav Adukia was appointed as the Liquidator.
The Slum Rehabilitation Authority (SRA) terminated the Letter of Intent (LOI) in favor of the Corporate Debtor.
The Liquidator filed an application seeking permission to pursue legal proceedings related to the LOI termination.
An application seeking injunction against the society and the SRA for reinstatement of the LOI was dismissed.
The Tribunal allowed the re-initiation of CIRP in the matter of the Corporate Debtor.
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Order sheet…
Tribunal order dated 08.05.2019 passed in…
The case involves an application filed by the Liquidator, Mr. Gaurav Adukia, seeking permission to pursue certain legal proceedings related to the Corporate Debtor, Sunshine Housing and Infrastructure Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, and a resolution plan submitted by Nandi Vardhan Infrastructure Ltd. was initially approved but later failed. Subsequently, liquidation was ordered, and Mr. Adukia was appointed as the Liquidator.
CIRP was initiated against Sunshine Housing and Infrastructure Private Limited.
Nandi Vardhan Infrastructure Ltd.'s resolution plan was initially approved but failed.
Liquidation was ordered, and Mr. Gaurav Adukia was appointed as the Liquidator.
The Slum Rehabilitation Authority (SRA) terminated the Letter of Intent (LOI) in favor of the Corporate Debtor.
The Liquidator filed an application seeking permission to pursue legal proceedings related to the LOI termination.
An application seeking injunction against the society and the SRA for reinstatement of the LOI was dismissed.
The Tribunal allowed the re-initiation of CIRP in the matter of the Corporate Debtor.
…Order sheet…
Tribunal order dated 08.05.2019 passed in…