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Home Highlights November 2019 Year 2019 This

Resolution plan against the owner of land namely SevenHills ...


MCGM's Development Plans for Public Health Amenities Face Challenges from SevenHills Landowner's Resolution Plan Under MMC Act.

November 19, 2019

Case Laws     Insolvency and Bankruptcy     SC

Resolution plan against the owner of land namely SevenHills which was to be developed by the Municipal Corporation (MCGM) - The resolution plan would be a serious impediment to MCGM’s independent plans to ensure that public health amenities are developed in the manner it chooses, and for which fresh approval under the MMC Act may be forthcoming for a separate scheme formulated by that corporation (MCGM).

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