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2025 Supreme(Online)(NCLT) 373

NATIONAL COMPANY LAW TRIBUNAL
Jyoti Kumar Tripathi, Ravichandran Ramasamy, JJ
Mann Sarovar Properties Development Private Limited – Appellant
Versus
Mr. Ashish Vyas, Resolution Professional – Respondent


Advocates:
For the Appellants/Petitioners: M/s. Ramalingam & Associates
For the Respondents:Lakshana Viravalli, Advocate

Table of Content
1. respondent argued the validity of joint development agreement. (Para 1 , 2)
2. legal interpretations surrounding rights and agreements. (Para 3 , 4)
3. tribunal's stance on termination legality. (Para 5)

ORDER

(Heard Through Hybrid Mode)

1. The present Application is filed by the Applicant under Section 60(5) of IBC, 2016 seeking relief as follows;

(i) To direct the Respondent as the Resolution Professional of the Corporate Debtor to recall the Form G published on 09.09.2023 in the Chennai Edition of the English newspaper, ’Financial Express’ as well as the Tamil Nadu edition of the Tamil newspaper, ’The Hindu’ in so far as the serial number 3 referring the project site at Manapakkam and hold that the Corporate Debtor has no right over the said property of the Applicant whatsoever; and

(ii) To direct the Respondent / Resolution Professional to produce the details and all documents, including the original title deeds pertaining to the properties covered under "3. Manapakkam Village, Sriperumbudur Taluka, Kancheepuram District, Tamil Nadu" mentioned in the Form G before this Hon'ble Tribunal”

2. APPLICANT SUBMISSIONS

2.1 It is stated that the Applicant is a partnership firm

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