CIRP of Corporate Debtor closed as possession of flats handed over to all homebuyers

Satish Chander Verma Vs Grand Reality Pvt. Ltd. & Ors (NCLAT Delhi) NCLAT Delhi closes the Corporate Insolvency Resolution Process [CIRP] of corporate debtor since construction of flats is completed and possession is handed over to all the claimant homebuyers and there is no claimant left. Facts- This appeal is filed against an impugned order dated 14.02.2023 passed by the Ld. NCLT, New Delhi Bench IV in CP(IB) No. 223 of 2022 titled as “Kaushal Deshmukh & Ors. vs. Grand Reality Pvt. Ltd.” filed under Section 7 of the IBC, 2016. Vide order dated 26.09.2023, this Tribunal while allo...