M/S ANUGRAHAM BUILDERS v. STATE OF U.P. AND ANOTHER
WRIC/11991/2025 · 2025-04-21
Anish Kumar Gupta, Manoj Kumar Gupta
body2025
DailyLaw.ai
[ 2025 DAILYLAW 45481 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 45481 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC:59675-DB Court No. - 21 Case :- WRIT - C No. - 11991 of 2025 Petitioner :- M/S Anugraham Builders Respondent :- State of U.P. and Another Counsel for Petitioner :- Ankita Singhal,Siddharth Singhal Counsel for Respondent :- C.S.C.,Tejasvi Misra Hon'ble Manoj Kumar Gupta,J. Hon'ble Anish Kumar Gupta,J.
1. Heard Shri Siddharth Singhal, learned counsel for the petitioner and brief holder of Shri Tejasvi Misra, learned counsel for respondent no.2.
2. The petitioner is successful resolution applicant in terms of
order of NCLT dated 30.07.2024 for resolution of the debts of M/S Sarvottam Realcon Private Limited. The resolution plan envisages that the petitioner will apply before GDA, which has been categorized as an operational creditor, for revised compounding plan and at the time of release of revised compounding plan, the petitioner is required to deposit 3,22,94,384/- and balance amount of Rs.12 crores in four equal six monthly installments of Rs.3 crores each alongwith interest at the rate of 12 per cent per annum applicable from the date of release of revised compounding plan.
3. The case of the petitioner is that they applied for sanction of the revised compounding plan on 4th December, 2024 but no decision has been taken by GDA on the same.
4. Having regard to the facts of the case and prayer made, we dispose of the instant petition with direction to respondent no.2 to take decision on the revised compounding plan submitted by the petitioner on 04.12.2024 within six weeks from the date of communication of the instant order. (Anish Kumar Gupta, J.) (Manoj Kumar Gupta, J.)
Order Date :- 22.4.2025 Ankit. Digitally signed by :- ANKIT VISHWAKARMA High Court of Judicature at Allahabad