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Section 7 IBC Petition Admitted as Financial Debt & Default Established: NCLT Delhi
Case Law Details
- Case Name
- Surinder Aggarwal & Ors. Vs Raheja Developers Limited (NCLT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Surinder Aggarwal & Ors. Vs Raheja Developers Limited (NCLT Delhi)
The petition was filed on 12.04.2024 by 176 homebuyers under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking initiation of the Corporate Insolvency Resolution Process (CIRP), declaration of moratorium and appointment of an Interim Resolution Professional against M/s Raheja Developers Limited in relation to its project “Raheja Revanta.” The Tribunal noted earlier insolvency proceedings involving other projects of the Corporate Debtor, including “Raheja Shilas” and “Krishna Housi...
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