1.
A
695 page petition was filed by Mr Vikram Bajaj, Resolution Professional in
NCLT on 22 Oct 2018. (First 33 pages at attachment).
2.
The
Judges are likely to give its decision on 23 Jan 2019.
3.
The
important points are:
(a) Greater Noida land to be transferred from
RC Info Systems Pvt Ltd. to AMR Infrastructures Ltd.
(b) All stamp duty, transfer fee etc to
be paid by promoters of AMR / RC Info.
(c) Claim of RC Info Systems of 15%
Project Build Area of Rs 124 Crores be rejected.
(d) Directors to deposit amount with
Authority which will be utilized by the RP for affecting all costs, charges in
relation to transfer of rights under lease deed.
(e) Direct GNIDA to consider waiver of
sale of I-Home flats to general public.
(f) Personal liability of Promoters for
delay of project and GNIDA may recover dues by attachment of personal
properties.
(g) GNIDA to grant additional 3 years for
completion of project.
4.
The
Resolution Process so far has been on the right track and progressing
satisfactorily.
NCLT_Petition
NCLT_Petition
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