2019 (2) TMI 1990

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..... therefore, the application under Section 7 was maintainable. Learned Counsel appearing on behalf of the group of allottees submits that in their cases also the Real Estate Owner ( Corporate Debtor) has failed to provide the flats and/or refund the amount. They have jointly applied as Resolution Applicants and their Resolution Plan is pending consideration. - Appeal dismissed. - Company Ap .....

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..... of the Committee of Creditors , learned counsel on behalf of the Appellant sought for some time to settle the matter. However, even after four months, the matter could not be settled. 3. In the meantime, the Committee of Creditors was constituted, Information Memorandum sought for, Resolution Applicants have filed their Resolution Plans , which are under consideration of the Committee .....

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..... nition of Financial Debt as defined in Section 5(8) read with Section 5(7) i.e. the Financial Creditor . 5. It was next contended that there was no due payable in fact as on the date of admission of application under Section 7. 6. Learned counsel for the Appellant relied on a letter dated 10th March, 2018 addressed by the Corporate Debtor to the Respondent ( Financial Creditor ) which w .....

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