The applicant, GK Crystal Homes, purchased two commercial units from the corporate debtor, M/s. Ansal Lotus Melange Private Limited, paying Rs. 1,25,00,000/- towards the units. The applicant was offered possession but claims the project was incomplete and lacked a completion certificate.
GK Crystal Homes purchased two commercial units (CB-05 and CB-06) from M/s. Ansal Lotus Melange Private Limited.
The applicant paid Rs. 1,25,00,000/- towards the commercial units.
The applicant claims they were offered possession but the project was incomplete and lacked a completion certificate.
The applicant filed a civil suit seeking a refund of the amount.
CIRP was initiated against the Corporate Debtor on 17.04.2021, and Mr. Devendra Umrao was appointed as the Interim Resolution Professional.
The Resolution Professional found that the applicant had been offered possession and was not treated at par with home buyers.
The Resolution Professional found that the applicant had already received Rs. 1,250,000/- and Rs. 4,26,203/- towards each unit from the corporate debtor.
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The applicant, GK Crystal Homes, purchased two commercial units from the corporate debtor, M/s. Ansal Lotus Melange Private Limited, paying Rs. 1,25,00,000/- towards the units. The applicant was offered possession but claims the project was incomplete and lacked a completion certificate.
GK Crystal Homes purchased two commercial units (CB-05 and CB-06) from M/s. Ansal Lotus Melange Private Limited.
The applicant paid Rs. 1,25,00,000/- towards the commercial units.
The applicant claims they were offered possession but the project was incomplete and lacked a completion certificate.
The applicant filed a civil suit seeking a refund of the amount.
CIRP was initiated against the Corporate Debtor on 17.04.2021, and Mr. Devendra Umrao was appointed as the Interim Resolution Professional.
The Resolution Professional found that the applicant had been offered possession and was not treated at par with home buyers.
The Resolution Professional found that the applicant had already received Rs. 1,250,000/- and Rs. 4,26,203/- towards each unit from the corporate debtor.
…Order passed by the…
The Applicant filed its…