The appellants, who are homebuyers, filed a consumer complaint before the National Consumer Disputes Redressal Commission (NCDRC) against Mantri Technology Constellations Pvt. Ltd. (Respondent No.1) and other associated entities (Respondent Nos. 2-7) for deficiency in service and delayed possession of apartments. During the pendency of this complaint, a Corporate Insolvency Resolution Process (CIRP) was initiated against Respondent No.1 by the National Company Law Tribunal (NCLT), imposing a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 (IBC). Subsequently, the NCDRC rejected the appellants' applications seeking to continue the consumer complaint against Respondent Nos. 2-7, citing the moratorium operating against Respondent No.1, and
…The appellants are homebuyers who booked residential apartments in a project named 'Mantri Manyata Energia'.
The project was being developed by Respondent No. 1, Mantri Technology Constellations Private Limited (now known as Buoyant Technology Constellations Private Limited).
Respondent No. 2, Mantri Developers Pvt. Ltd., is alleged to have been associated with the development of the project.
Respondent Nos. 3 to 5 are alleged to be the promoters/directors of Respondent No. 1 and 2 companies.
Respondent Nos. 6 and 7 are the landowners of the project land.
Construction agreements and agreements for sale were executed between the appellants and Respondent No. 1 in 2016.
As per the agreement, possession of the apartments was to be handed over on or before 31.12.2018.
…Sign in to view the parties.
Construction agreements and agreements for…
Possession of the apartments was to be handed…
The appellants, who are homebuyers, filed a consumer complaint before the National Consumer Disputes Redressal Commission (NCDRC) against Mantri Technology Constellations Pvt. Ltd. (Respondent No.1) and other associated entities (Respondent Nos. 2-7) for deficiency in service and delayed possession of apartments. During the pendency of this complaint, a Corporate Insolvency Resolution Process (CIRP) was initiated against Respondent No.1 by the National Company Law Tribunal (NCLT), imposing a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 (IBC). Subsequently, the NCDRC rejected the appellants' applications seeking to continue the consumer complaint against Respondent Nos. 2-7, citing the moratorium operating against Respondent No.1, and
…The appellants are homebuyers who booked residential apartments in a project named 'Mantri Manyata Energia'.
The project was being developed by Respondent No. 1, Mantri Technology Constellations Private Limited (now known as Buoyant Technology Constellations Private Limited).
Respondent No. 2, Mantri Developers Pvt. Ltd., is alleged to have been associated with the development of the project.
Respondent Nos. 3 to 5 are alleged to be the promoters/directors of Respondent No. 1 and 2 companies.
Respondent Nos. 6 and 7 are the landowners of the project land.
Construction agreements and agreements for sale were executed between the appellants and Respondent No. 1 in 2016.
As per the agreement, possession of the apartments was to be handed over on or before 31.12.2018.
…Construction agreements and agreements for…
Possession of the apartments was to be handed…