M/S Metcalfe Properties Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP) against itself.
The application was filed on 13.09.2025 under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The application was filed through its Director, Nishant Gupta, authorized vide Board Resolution dated 04.06.2025.
The Corporate Applicant was incorporated on 26.09.2002.
The Corporate Applicant has significant operational liability pertaining to dues payable to the Amritsar Development Authority (ADA) in respect of the residential project “Metcalfe Nirvana”.
The Corporate Debtor has not deposited the required External Development Charges (EDC) and license fee, aggregating to ₹34,65,24,000/-.
The Corporate Debtor is burdened with substantial tax liabilities, with outstanding statutory dues of Rs ₹1,19,85,660/-.
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The Corporate A…
ADA issued a residential…
M/S Metcalfe Properties Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP) against itself.
The application was filed on 13.09.2025 under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The application was filed through its Director, Nishant Gupta, authorized vide Board Resolution dated 04.06.2025.
The Corporate Applicant was incorporated on 26.09.2002.
The Corporate Applicant has significant operational liability pertaining to dues payable to the Amritsar Development Authority (ADA) in respect of the residential project “Metcalfe Nirvana”.
The Corporate Debtor has not deposited the required External Development Charges (EDC) and license fee, aggregating to ₹34,65,24,000/-.
The Corporate Debtor is burdened with substantial tax liabilities, with outstanding statutory dues of Rs ₹1,19,85,660/-.
…The Corporate A…
ADA issued a residential…