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Case Law Details
- Case Name
- Manish Aneja & Ors. Vs Revital Reality Private Limited (NCLT Delhi)
- Appeal Number
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- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Manish Aneja & Ors. Vs Revital Reality Private Limited (NCLT Delhi)
Manish Aneja and other financial creditors (collectively referred to as the “Financial Creditors”) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against Revital Reality Private Limited (“Corporate Debtor”). The petition was filed on the grounds of a default amounting to INR 31,22,62,345, which the Corporate Debtor failed to pay for residential units booked by the Financial Creditors i...
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