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Resolution hard to come by for AMR project’s homebuyers SECTIONS Share Synopsis The process drew resolution plans from two builders and one of the plans was approved by the committee of creditors in May 2019. Since then, at least twice the orders were reserved on approving the plan, but could not be pronounced as the relevant judges left office at the company law tribunals. The National Company Law Tribunal Appellate admitted the insolvency petition in May 2018 when aggrieved buyers alleged fraud and demanded possession. Justice delayed is justice denied. This appears to have come true for around 2,000 ordinary savers who had booked homes and shops in the Kessel I Valley community housing project in Greater Noida.

Justice prakash kumarRajat singhalPrakash kumarVikram bajajHarish chopraSurender kumar singhalRaman aggarwalRc infosystemp ltdCommittee of creditorsNational company law tribunal appellateKrish groupKesseli valleyGreater noidaAppellate tribunalராஜாத் சிங்கால்பிரகாஷ் குமார்