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2025 Supreme(Online)(NCLT) 5610

NATIONAL COMPANY LAW TRIBUNAL
Sh. Mohan Prasad Tiwari, Member (Judicial), Sh. Charanjeet Singh Gulati, Member (Technical)
Riddhi Siddhi Developers Pvt. Ltd. – Appellant
Versus
Ms. Vandana Garg – Respondent


Advocates:
For the Applicant: Adv. Pawan Kulkarni
For the Respondent: Adv. Rajeev Kumar Panday, Adv. Aalok Jain

Table of Content
1. application filed under ibc for execution of agreements for commercial units. (Para 1 , 2 , 3 , 4 , 5 , 8 , 12)
2. respondent's contention regarding validity of transactions and statutory obligations. (Para 19 , 20 , 24 , 33)
3. corporate debtor's obligations assessed with substantial payments made. (Para 35 , 36 , 38 , 48)
4. court's ruling on the lack of evidence for applicant's claims. (Para 42 , 47)

ORDER

IA(I.B.C)/1034/MB/2024

1. The present application has been filed by the Applicant under 60(5) of the Insolvency and Bankruptcy Code, 2016 (‘IBC/the Code’), read with Rule 11 of NCLT Rules, 2016 seeking following reliefs:

a. That this Hon'ble Tribunal be pleased to pass an order directing the Respondent to forthwith execute agreements for sale in respect of the Units bearing Nos. 503, 504 and 604 in the project 'One BKC bearing RERA Registration No. 51800005147 and admit execution of the said agreements before the concerned - of Assurances;

b. That this Hon'ble Tribunal be pleased to pass an order directing the Respondent to forthwith handover possession of the Units bearing Nos. 503, 504 and 604 in the project 'One BKC bearing RERA Registration No. 51800005147 to

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