This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Contractual Development Rights Form Part of Insolvency Estate Despite No Land Ownership: NCLAT
Case Law Details
- Case Name
- Uttar Pradesh Housing and Development Board Vs K.S.N. Buildwell Pvt Ltd & Anr. (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Uttar Pradesh Housing and Development Board Vs K.S.N. Buildwell Pvt Ltd & Anr. (NCLAT Delhi)
The National Company Law Appellate Tribunal (NCLAT) decided three connected appeals arising from the corporate insolvency resolution process (CIRP) of K.S.N. Buildwell Pvt. Ltd. The appeals concerned (i) an order directing de-sealing of land owned by the Uttar Pradesh Housing and Development Board (UPAVP), and (ii) an order remanding the approved resolution plan to the Committee of Creditors (CoC) for reconsideration.
UPAVP had allotted a commercial plot under a hire purchase arrangement. The Corpo...
Author Info
