Housing Development and Infrastructure : CIRP - others
March 23, 2022 at 09:06 am EDT
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23rd March, 2022
National Stock Exchange of India Limited,
BSE Limited
"Exchange Plaza", C-1, Block G,
25th Floor, New Trading Ring,
Bandra Kurla Complex,
Rotunda Building, PJ Towers,
Bandra (East),
Dalal Street, Fort,
Mumbai-400051
Mumbai-400001
Script Code: 532873
Security Symbol: HDIL
Subject:
Disclosure under Regulation 30 of
Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR)
read with Schedule III, Part A, Para A, sub-Para 16 thereof regarding Order
passed by the Hon'ble National Company Law Appellate Tribunal on 22nd
March, 2022 in the Corporate Insolvency Resolution Process of Housing Development and Infrastructure Limited ("Company").
Dear Sirs,
Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (LODR) read with Schedule III, Part A, Para A, sub para 16 thereof, we hereby inform you that on 22nd March 2022, the Hon'ble National Company Law Appellate Tribunal ("Hon'ble NCLAT") has passed an Order (copy attached) in Interim Application No. 753 of 2022 in Company Appeal No. 589 of 2021 filed by Budhpur Buildcon Private Limited directing the undersigned to defer discussions and decisions on Revised Resolution Plan(s) received in the corporate insolvency resolution process of the Company till 28th March, 2022.
You are requested to take the above information on record.
Thanking you,
For Housing Development and Infrastructure Limited.
A N Manudhane
Resolution Professional
(M/s. Housing Development and Infrastructure Limited is under Corporate Insolvency Resolution Process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. Its affairs, business and assets are being managed by the Resolution Professional, Mr. Abhay N Manudhane appointed by Hon'ble National Company Law Tribunal, Mumbai Bench, Mumbai, vide order dated 20thAugust, 2019)
Registered Office: 9‐01, HDIL Towers, AnantKanekarMarg, Bandra East , Mumbai‐400051
Tel : 91 2226583500; Website : www.hdil.in; CINNo. L70100MH1996PLC101379
NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH,
NEW DELHI
I.A. No. 753 of 2022 in
Company Appeal (AT) (Ins) No. 589 of 2021
IN THE MATTER OF:
Budhpur Buildcon Pvt. Ltd.
...Appellant
Vs.
Abhay Narayan Manudhane
...Respondent
Present:
For Appellant:
Mr. Ramji Srinivasan, Sr. Advocate, Mr. Aman
Gandhi, Ms. Apoorva Kaushik, Mr. Karan Bhide,
Mr. Nitesh
Ranawat, Ms. Disha Shetty,
Mustaqueem Dagsaria, Mr. Rajshree Choudhary,
Advocates
For Respondent:
Ms. Meghna Rao, Ms. Prerna Wagh, Advocates for
RP
Mr. Subir Kumar, Ms. Disha Shah for Intervenor
ORDER
(Through Virtual Mode)
22.03.2022: The 'Hearing' of this 'Appeal' is stated to be on 06.04.2022
is advanced to 28.03.2022 under the caption 'For Hearing'. Till 28th March, 2022, request is made by 'Resolution Professional' (RP) to the 'Committee of Creditors' (CoC) members to discuss and decide on the revised Resolution Plan(s) shall stand deferred.
[Justice M.Venugopal]
Member (Judicial)
[Dr. Ashok Kumar Mishra]
Member (Technical)
shashi/gc
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HDIL - Housing Development & Infrastructure Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 13:06:07 UTC.
Housing Development and Infrastructure Limited is an India-based real estate development company. The Companyâs operations include real estate business, from residential, commercial, and retail projects to slum rehabilitation to land development. Its residential projects range from apartment complexes to towers to townships. The commercial projects comprise premium office spaces as well as multiplex cinemas. In retail, the Company is focused on building shopping malls. It also handles slum rehabilitation projects under a government scheme administered by the Slum Rehabilitation Authority (SRA), offering development rights in exchange for clearing and redeveloping slum lands, while providing replacement housing for the displaced slum dwellers. Its residential projects include Majestic Tower, Whispering Towers, Residency Park II, Planet HDIL, Premier Exotica, Harmony, Metropolis, Galaxy Apartments, Paradise City, Berkeleys Square, Meadows, and HDIL Hyderabad.