The case involves appeals against orders related to the execution of a National Commission directive against a developer, Ansal Crown Infrabuild Pvt. Ltd., concerning a project where homebuyers were to be given possession of allotted flats. The National Commission had directed the developer to complete the project and hand over possession, or refund the deposited amount with interest. The developer became subject to insolvency proceedings under Section 9 of the IBC, leading to a moratorium under Section 14 of the IBC. The appellants sought to execute the National Commission's direction against the company and its directors/officers.
Ansal Crown Heights Flat Buyers Association (Regd.) filed a complaint before the National Consumer Disputes Redressal Commission against Ansal Crown Infrabuild Pvt. Ltd. & Ors. The National Commission directed the developer to complete a project and handover possession of flats or refund the deposited amount with interest. The developer became subject to insolvency proceedings under Section 9 of the IBC, leading to a moratorium under Section 14 of the IBC. The appellants sought to execute the National Commission's direction against the company and its directors/officers. The National Commission held that the decree cannot be executed against the company due to the moratorium under Section 14 of the IBC. The appellants argued that there is no prohibition on
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Civil Appeal Nos.…
National Commission directs the Developer to…
The case involves appeals against orders related to the execution of a National Commission directive against a developer, Ansal Crown Infrabuild Pvt. Ltd., concerning a project where homebuyers were to be given possession of allotted flats. The National Commission had directed the developer to complete the project and hand over possession, or refund the deposited amount with interest. The developer became subject to insolvency proceedings under Section 9 of the IBC, leading to a moratorium under Section 14 of the IBC. The appellants sought to execute the National Commission's direction against the company and its directors/officers.
Ansal Crown Heights Flat Buyers Association (Regd.) filed a complaint before the National Consumer Disputes Redressal Commission against Ansal Crown Infrabuild Pvt. Ltd. & Ors. The National Commission directed the developer to complete a project and handover possession of flats or refund the deposited amount with interest. The developer became subject to insolvency proceedings under Section 9 of the IBC, leading to a moratorium under Section 14 of the IBC. The appellants sought to execute the National Commission's direction against the company and its directors/officers. The National Commission held that the decree cannot be executed against the company due to the moratorium under Section 14 of the IBC. The appellants argued that there is no prohibition on
…Civil Appeal Nos.…
National Commission directs the Developer to…