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Neutral Citation No. - 2025:AHC:49712-DB HIGH COURT OF JUDICATURE AT ALLAHABAD (Sl. No.37) Court No. - 21 Case :- WRIT - C No. - 8599 of 2025 Petitioner :- Max Estates Limited Respondent :- State of U.P. and Another Counsel for Petitioner :- Kartikeya Saran,Suchita Mehrotra Counsel for Respondent :- C.S.C.,Kaushalendra Nath Singh Hon'ble Manoj Kumar Gupta,J. Hon'ble Anish Kumar Gupta,J.
1. The petitioner is the successful resolution applicant for the corporate debtor, namely Boulevard Project Pvt. Ltd. (BPPL). Under the resolution plan, the petitioner has to be issued fresh equity shares in extinction of the shareholding of the previous shareholders. The petitioner has submitted application before the respondent Development Authority in respect of land, which was leased out to the corporate debtor to ascertain its liability, if any, regarding CIS/CIC charges.
2. The representation filed in this behalf is stated to be pending before the respondent Development Authority. On 16.10.2024, the respondent Development Authority informed the petitioner company that the issue would be considered in the next Board meeting. The submission is that since then, the petitioner has not been communicated with any decision taken in this regard by the Board.
3. The petitioner is also stated to have filed fresh representation on 10.03.2025, but to no avail, hence the instant petition for direction
to the respondent Development Authority not to charge any CIS/CIC charges and to take decision in this regard without delay.
4. Sri Navin Sinha, learned Senior Counsel assisted by Sri Kartikeya Saran, Sri Raunak Dhillon and Sri Nihaad Dewan, appearing for the petitioner submits that because of undue delay on the part of the respondent Development Authority, the issuance of shares in terms of the resolution plan is getting delayed.
5. Sri Kaushalendra Nath Singh, counsel for the respondent Development Authority states that the Board meeting would be convened shortly and decision taken would be duly communicated to the petitioner.
6. Accordingly, the petition stands disposed of by providing that the respondent Development Authority will ensure that the Board meeting is convened and decision taken in respect of the plea of the petitioner is communicated to it positively within four weeks from today. Order Date :- 7.4.2025 Shubham Arya (Anish Kumar Gupta, J.) (Manoj Kumar Gupta, J.) Digitally signed by :- SHUBHAM ARYA High Court of Judicature at Allahabad Digitally signed by :- SHUBHAM ARYA High Court of Judicature at Allahabad