2026 (4) TMI 441

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.... an Order of the Adjudicating Authority in I.A. 2738 of 2020 dated 13.03.2023 as well as I.A. No.1298 of 2023 dated 23.05.2023. 2. The brief facts relevant for the current purpose may be stated as below:- a. According to the appellant, it is a partnership firm and it was awarded certain civil contract work on 31.12.2014 by the CD. There arose some dispute over payment of money to the appellant and the appellant claims that it was resolved through a settlement deed dated 20.04.2017. b. On 20.12.2017, CD executed a lease deed in favour of one of the partners of the appellant. According to the appellant, this lease deed was executed on the basis of the settlement dated 20.04.2017 (but this issue is not very genuine for the....

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....0 may not be appropriate. 5. Be that as it may, sometime in 2021, COC had approved the resolution plan and on 07.03.2025, the Adjudicating Authority too has laid its approval to the same. In terms of the plan, the SRA is required to prosecute I.A. 1197 of 2019. 6. Per contra, the learned Counsel for the RP submits that while the appellant claims a right over extend of 1,380 sq. mt., it has allowed the first respondent in I.A. 2738 of 2020 to occupy and use it as for the latter's office purposes, whereas the purpose for which the appellant had obtained the said property was for running the nursery school. It is submitted that the RP was constraint to file I.A. 2738 of 2020. He also submitted that the appellant had come out with two add....