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2021 (3) TMI 1358 - NATIONAL COMPANY LAW TRIBUNAL , NEW DELHI BENCHSeeking directions to the Corporate Debtor to provide relevant information with respect to the details of Allottees concerning Corporate Debtor's Real Estate Project - HELD THAT:- It is evident from the judgement of the Hon'ble Supreme Court in Manish Kumar [2021 (1) TMI 802 - SUPREME COURT] that nowhere in the said judgement the Corporate Debtor has been permitted to withhold the relevant information from the allottees, particularly when the same is otherwise directed to be published on the Website of the Company in terms of RERA Regulation. However, in the case before us admittedly project of the Corporate Debtor is not registered with RERA Authorities, therefore, as of now, there is no feasible way available to the Applicant-Financial Creditors to comply with the requirement of allottees to support his application under amended Section 7 of the IBC. It is further noted that admittedly, in the present case, no Association of the allottees is stated to have been formed as well through which the Applicant could make any efforts for getting the information from the Corporate Debtor. The home buyers in the given situation cannot be permitted to be left in lurch and at the mercy of such builders who are violating Law relating to the Real Estate Regulating Authority in the first instance and taking shelter of the same violation and denying the relevant information to the allottees - the Corporate Debtor are directed to provide all information - the compliance of these directions shall be made by the Corporate Debtor in 15 days' time, failing which appropriate punitive action may be initiated against the Corporate Debtor. Application disposed off.
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