2025 (9) TMI 1282

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....nkur Chawla, Adv., Mr. Zoheb Hossain, Adv., Mr. Vivek Gurnani, Adv., Mr. Aditya Samaddar, AOR, Mr. R K Mohit Gupta, Adv., Mr. Udai Khanna, Adv., Mr. Kartikeya Sharma, Adv. For the Respondent(s): Mr. Basava Prabhu S Patil, Sr. Adv., Mr. Manav Goyal, Adv., Mr. Apoorv Agarwal, Adv., Mr. Vaibhav Manu Srivastava, AOR, Mr. Rajiv Shakhder, Sr. Adv., Mr. Tanmay Yadav, AOR, Ms. Manvi Jain, Adv., Ms. Asth....

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....r dated 5.06.2025, it is submitted that the Resolution Plan submitted by ACPL though deals with the development rights in respect of the Scheduled Property, however, the Resolution Plan itself envisage that the same shall not be dealt with till final conclusion of the litigation arising out of IA 4648/2020 filed by the Owners. 13. Therefore, as the Resolution Plan submitted by ACPL itself provi....

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....ic order/direction in this regard." (Emphasis supplied) 3. Further, yet another affidavit filed on behalf of Resolution Professional on 12.07.2025 is also brought to our notice. The relevant portion on the said affidavit is extracted below : "It is hereby clarified that the Resolution Plan submitted by ACPL and approved by the CoC itself expressly take note of pendency of IA No. 4648/2020 fil....

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....spectfully submitted that, notwithstanding any approval of the Resolution Plan by this Hon'ble Adjudicating Authority, the Scheduled Property shall not be dealt with in any manner whatsoever as part of the Resolution Plan, until the final adjudication and disposal of the said Civil Appeal. Any future action in relation to the Scheduled Property shall be strictly subject to and in accordance with t....