Initiate liquidation proceedings against Three C Homes under IBC: NCLT

The order was passed after NCLT rejected the Resolution Plan proposed by the sole Resolution Applicant, i.e. M/s Ace Infracity Developers Pvt. Ltd.

Lotus Boulevard, a real-estate project of the Three C company group (For Representational purposes only)

Published on:

11 Feb 2021, 3:24 am

2 min read

The National Company Law Tribunal, New Delhi Bench (NCLT) has directed the Resolution Professional of M/s Three C Homes Pvt Ltd to take requisite steps for initiation of liquidation proceedings against the debt-ridden real estate firm under the Insolvency & Bankruptcy Code, 2016. (Arun Kumar Sinha vs Three C Homes Pvt Ltd)

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IBC

Insolvency

Liquidation

Three C Homes

Lotus City