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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 in a real estate project named “Basera.”

Key Facts:

1. Corporate Debtor Information: Incorporated on 06.04.2011, Revital Reality Pvt. Ltd. engaged in real estate activities, including developing, buying, selling, and managing properties.

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