2020 (12) TMI 1325

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f the Ordnance. The Corporate debtor did not place any record on its Website and claims privacy. The information which could be available on Website of the RERA is not sufficient for the Financial Creditors in Class to fulfil the requirement of the Ordinance. Consequently, the right to the property of the Financial Creditor in Class cannot be protected, as the officious remedy available to them wi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ors in Clause and the Petition was filed prior to the Ordinance dated 28th Dec, 2019. The Hon'ble Supreme Court has been pleased to issue status-quo order in relation to the pending Applications filed under Sec. 7 of IBC. The Ordinance provides that the Petitioners/Financial Creditors in Clause have to fulfil the requirements of the Ordinance within 30 days i.e., by arraying 100 numbers of All .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o provide the required information to them, as the information is in the possession and control of the Corporate Debtor. In the circumstances, the Corporate Debtor is directed to provide the information about the 100 number of Allottees or 1/10th of total number of the Allottees of the project, whichever is less, excluding those with whom settlement has happened. The information to be provided .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X