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        Insolvency and Bankruptcy

        2020 (10) TMI 1321 - Tri - Insolvency and Bankruptcy

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        NCLT directs Resolution Professional to seek Noida Authority's consent for Logix Developers' plan The National Company Law Tribunal, New Delhi Court-III ordered the Resolution Professional to seek consent from the Noida Authority for a resolution plan ...
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              NCLT directs Resolution Professional to seek Noida Authority's consent for Logix Developers' plan

                              The National Company Law Tribunal, New Delhi Court-III ordered the Resolution Professional to seek consent from the Noida Authority for a resolution plan with Logix Developers Pvt. Ltd. The Noida Authority must respond promptly, and the Resolution Professional needs to provide an update by the next hearing on 18.11.2020.


                              The National Company Law Tribunal, New Delhi Court-III directed the Resolution Professional to make a representation before the Noida Authority within three working days to seek consent for a resolution plan regarding a development agreement with Logix Developers Pvt. Ltd. The Noida Authority must respond within two days, and the Resolution Professional should file an affidavit on the state of affairs by the next hearing on 18.11.2020.
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