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NATIONAL COMPANY LAW TRIBUNAL
Praveen Gupta, Member (Judicial), Ashish Verma, Member (Technical)
M/S K8 DEVELOPERS PRIVATE LIMITED – Appellant
Versus
BHUVAN MADAN – Respondent
| Table of Content |
|---|
| 1. filing of applications against interim resolution professional (Para 1 , 2 , 3) |
| 2. summary of prayers made by the applicants (Para 4) |
| 3. details of claim and company background (Para 5 , 6 , 7) |
| 4. history of contractual arrangements between the parties (Para 8 , 9 , 10) |
| 5. details of payments and communications related to the lease (Para 11 , 12 , 13) |
| 6. corporate debtor's alleged failure to execute the deed (Para 14 , 15 , 16) |
| 7. relevant past judgments cited by the applicant (Para 18 , 19) |
| 8. respondent's objections against applicants' claims (Para 20 , 21) |
| 9. legal issues raised by both parties (Para 22 , 23 , 24) |
| 10. tribunal's findings regarding facts and claims (Para 26 , 27 , 28 , 29) |
| 11. observations on simultaneous claims and specific performance (Para 30 , 31 , 32 , 33) |
| 12. final ruling on application ia no. 469 of 2024 (Para 34) |
| 13. conclusion regarding the decision and order (Para 35 , 36) |
ORDER
1. The present applications i.e. IA No. 469 of 2024 and IA No. 35 of 2025 have been filed against the Interim Resolution Professional (hereinafter referred to as “IRP/RP”) of Jaiprakash Associates Limited (hereinafter referred to as the “Corporate Debtor/JAL”).
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