Debtor- 'Nirmal Lifestyle Realty Private Limited' entered
into MoU with Ralliwolf Limited on 01.10.2004 in terms whereof Ralliwolf
agreed to sell land admeasuring ... amount of Rs.7
Crore was paid by the corporate debtor to Ralliwolf. A registered
Development Agreement dated 04.08.2005 was entered between the Ralliwolf
Debtor- 'Nirmal Lifestyle Realty Private Limited' entered
into MoU with Ralliwolf Limited on 01.10.2004 in terms whereof Ralliwolf
agreed to sell land admeasuring ... amount of Rs.7
Crore was paid by the corporate debtor to Ralliwolf. A registered
Development Agreement dated 04.08.2005 was entered between the Ralliwolf
Debtor- 'Nirmal Lifestyle Realty Private Limited' entered
into MoU with Ralliwolf Limited on 01.10.2004 in terms whereof Ralliwolf
agreed to sell land admeasuring ... amount of Rs.7
Crore was paid by the corporate debtor to Ralliwolf. A registered
Development Agreement dated 04.08.2005 was entered between the Ralliwolf
hereunder:
On 04.08.2005, a Development Agreement was entered into between M/s
Ralliwolf Ltd. and M/s Nirmal Lifestyle Realty Pvt. Ltd. by which ... Realty Pvt. Ltd. assumed all liabilities and financial
obligations of M/s Ralliwolf Ltd.
On 06.12.2021, the Corporate Debtor-M/s Nirmal Lifestyle Realty
execution
of the Development Agreement could not have the effect of
divesting Ralliwolf of all title, rights and interest in the
subject property. There
