Rajani Associates advises Resolution Professional of Sutlej Housing in Corporate Insolvency Resolution

Sutlej Housing Private Limited entered into an arrangement with one of the real-estate companies for the joint development of a real-estate project in Dadar, Mumbai.  

On the same plot, multiple litigations were filed before the NCLT by the erstwhile landowners and society. On July 21, 2023, NCLT, the Mumbai Bench approved the resolution plan submitted by VK-21 Realty LLP.

Rajani Associates advised and assisted Jayesh Sanghrajka, resolution professional of Sutlej Housing for the approval of the resolution plan under the corporate insolvency resolution process (CIRP) of Sutlej.

As legal advisors of the RP, Rajani Associates assisted the RP and his team with the following: -  

• defended multiple applications filed by the erstwhile landowners and the society. 

• provided solutions to various complex issues which were faced during the approval of the resolution plan by the NCLT; and  

• strategizing for expediting the plan approval applications, whilst dealing with multiple objections raised during the CIRP.

The team representing Rajani Associates comprised of Devesh Juvekar (Partner), Ashish Parwani (Partner), Dikshat Mehra (Principal Associate), and Honey Chandnani (Associate).

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