Back
NATIONAL COMPANY LAW TRIBUNAL
SH. KHETRABASI BISWAL, MEMBER (JUDICIAL), SH. SHISHIR AGARWAL, MEMBER (TECHNICAL)
M/s Area Importers and Exporters Private Limited – Appellant
Versus
M/s Gupta Builders and Promoters Private Limited – Respondent
| Table of Content |
|---|
| 1. application filed for exclusion of land from cirp. (Para 1 , 2 , 3) |
| 2. respondent argues the application lacks maintainability and jurisdiction. (Para 4 , 5 , 6 , 7 , 8 , 9) |
| 3. issues raised are traditional civil matters not under nclt authority. (Para 10 , 11 , 12) |
| 4. court emphasizes jurisdiction limits and dismisses the application. (Para 13 , 14 , 15) |
ORDER
This Interlocutory Application has been filed by the Applicant under Section 60 (5) of the Insolvency and Bankruptcy Code, 2016 (“the Code”) seeking exclusion of certain parcels of land from the Corporate Insolvency Resolution Process (“CIRP”) of the Corporate Debtor.
SUBMISSIONS OF THE APPLICANT
2. Applicant has submitted as under:
(i) Applicant submits that it is the absolute owner of the land measuring 19 Bighas 08 Biswas 19 Biswasi situated at Village Singhpura, Zirakpur, having purchased the same through multiple registered sale deeds executed in 2017. All revenue entries, including Jamabandi and mutation records, have consistently reflected that the Applicant is the owner, and at no point prior to the alleged transaction of 2020 was its title to the land ever questioned. It is the Applicant’s grievance that
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
