The case involves a Miscellaneous Application (MA) seeking recall of an order dismissing a Special Leave Petition (SLP) related to a civil revision concerning an Agreement to Sell. The applicant alleges suppression of material facts and subsequent developments in insolvency proceedings, including a One Time Settlement (OTS) proposal and withdrawal of the Corporate Insolvency Resolution Process (CIRP).
The dispute arises from an Agreement to Sell dated 13.08.2021 concerning property owned by Respondent No. 1.
The applicant filed a civil suit seeking specific performance of the Agreement to Sell.
The High Court dismissed the revision petition, holding that the Agreement to Sell was contingent on the acceptance of an OTS by the Bank.
The applicant was directed to deposit Rs. 26,00,00,000/- with the Registry of the Court.
The SLP was dismissed on 25.02.2025.
The applicant filed a Miscellaneous Application seeking recall of the order dismissing the SLP based on subsequent events, including an OTS proposal and withdrawal of CIRP.
An OTS was concluded on 21.03.2025 for Rs.34.85 crore, and the CoC approved withdrawal of the CIRP on 05.04.2025.
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Agreement to Se…
Civil Suit No. 1248 of 2022 was instituted…
The case involves a Miscellaneous Application (MA) seeking recall of an order dismissing a Special Leave Petition (SLP) related to a civil revision concerning an Agreement to Sell. The applicant alleges suppression of material facts and subsequent developments in insolvency proceedings, including a One Time Settlement (OTS) proposal and withdrawal of the Corporate Insolvency Resolution Process (CIRP).
The dispute arises from an Agreement to Sell dated 13.08.2021 concerning property owned by Respondent No. 1.
The applicant filed a civil suit seeking specific performance of the Agreement to Sell.
The High Court dismissed the revision petition, holding that the Agreement to Sell was contingent on the acceptance of an OTS by the Bank.
The applicant was directed to deposit Rs. 26,00,00,000/- with the Registry of the Court.
The SLP was dismissed on 25.02.2025.
The applicant filed a Miscellaneous Application seeking recall of the order dismissing the SLP based on subsequent events, including an OTS proposal and withdrawal of CIRP.
An OTS was concluded on 21.03.2025 for Rs.34.85 crore, and the CoC approved withdrawal of the CIRP on 05.04.2025.
Agreement to Se…
Civil Suit No. 1248 of 2022 was instituted…