December, 2013 as verified by Accounts
Section, as under:
23. A revised layout plan of 'Palwal Sector-8 and 9' on land belong
Agreement are
given effect to, in a manner that sharing interest revised Layout
Plan between the parties remains in the ratio of 75% to Vipul
measuring 24,000 sq. mtrs. The Noida
sanctioned a revised layout plan for the land in question
comprising five towers, two commercial and three residential
measuring 24,000 sq. mtrs. The Noida
sanctioned a revised layout plan for the land in question
comprising five towers, two commercial and three residential
Resolution Applicant/ Corporate Debtor
may alter the layout and/ or the building plans
including the height and location of the buildings and
the common areas ... Resolution Applicant shall have the right
to reconfigure with revised specifications the said
unit/project on the best judgment of the Resolution
Applicant
been held
that the irregularity of not placing of the Revised Plan before the CoC and
directing placing before the 'Adjudicating Authority' cannot ... every aspect relating to the 'Resolution Plan'
particularly its financial layout, has to be considered by the CoC before
could be considered
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