4776280/- along with interest on 21.08.2017 before Interim Resolution Professional. Various home buyers in the projects of Jaypee Infratech Limited also submitted their claims. Home ... project "Garden Isles" within 40 months and the home buyers would be given possession of their flat without any delayed compensation. Committee
under
Section 7 of the Code.
9. The Respondent No.1/Home Buyer/Financial Creditor submits that as
per Agreement dated 07th August 2012, possession ... same in terms of Agreement?
ii) Whether Financial Creditor/Home Buyer committed default in
making payment of the instalments as per 'ABA' under
Resolution Professional/Liquidator, in
case any amount is refunded to the home buyers, the
said amount must be first utilised to pay the loan
amounts ... fact the
liability to repay the Home Loan is on the individual Home Buyers. This
would defeat the very spirit and objective of the Code
appeal only to defeat the CIR process lawfully undertaken by 75 home
buyers. It is further submitted that subsequently on 23 August 2023, the
appeal ... recorded
therein that it is the duty of the home buyers to take necessary steps for
initiation of CIRP in consolidation of both the entities
appeal only to defeat the CIR process lawfully undertaken by 75 home
buyers. It is further submitted that subsequently on 23 August 2023, the
appeal ... recorded
therein that it is the duty of the home buyers to take necessary steps for
initiation of CIRP in consolidation of both the entities
number) who for convenience would be
hereinafter referred to as "Home-buyers".
Allotment Letters were also issued by Corporate Debtor ... clear sham and
prima facie unrealistic.
An Application by the Home-Buyers Allottees of the Corporate
Debtor under Section 7 was filed before the NCLT
disputed that M/s. Axis Bank has
sanctioned loans to 44 home buyers/allottees who
have purchased units/flats, in the project floated ... fact
the liability to repay the home loan is on the individual
home buyers. This would defeat the very spirit and
objective of the Code
disputed that M/s. Axis Bank has
sanctioned loans to 44 home buyers/allottees who
have purchased units/flats, in the project floated ... fact
the liability to repay the home loan is on the individual
home buyers. This would defeat the very spirit and
objective of the Code
number) who for convenience would be
hereinafter referred to as "Home-buyers".
Allotment Letters were also issued by Corporate Debtor ... clear sham and
prima facie unrealistic.
An Application by the Home-Buyers Allottees of the Corporate
Debtor under Section 7 was filed before the NCLT
fact the liability to
repay the Home Loan it on the individual Home
Buyers. This would defeat the very spirit and
objective of the Code ... fact the liability to repay the Home Loan
is on the individual Home Buyers. This would defeat the
very spirit and objective of the Code
