A A Estates Private Limited (Appellant No. 1) entered into a Development Agreement with Kher Nagar Sukhsadan Co-operative Housing Society Ltd. (Respondent No. 1) on 16.10.2005 for redevelopment.

The redevelopment project faced delays due to various reasons, including the failure of some members to vacate the premises and disputes between the parties.

CIRP was initiated against A A Estates Private Limited, and Mr. Harshad Shamkant Deshpande (Appellant No. 2) was appointed as the Resolution Professional.

Respondent No. 1 Society terminated the Development Agreement and appointed a new developer (Respondent No. 8).

Respondent No. 1 Society filed a writ petition before the High Court seeking directions to statutory authorities to grant approvals for the new developer.

A A Estates Private Limited (Appellant No. 1) entered into a Development Agreement with Kher Nagar Sukhsadan Co-operative Housing Society Ltd. (Respondent No. 1) on 16.10.2005 for redevelopment.

The redevelopment project faced delays due to various reasons, including the failure of some members to vacate the premises and disputes between the parties.

CIRP was initiated against A A Estates Private Limited, and Mr. Harshad Shamkant Deshpande (Appellant No. 2) was appointed as the Resolution Professional.

Respondent No. 1 Society terminated the Development Agreement and appointed a new developer (Respondent No. 8).

Respondent No. 1 Society filed a writ petition before the High Court seeking directions to statutory authorities to grant approvals for the new developer.