In a major relief for 1800 belaboured customers of AN Buildwell Pvt Ltd (currently under liquidation), on February 15, 2018, the Division Bench of the Delhi High Court dismissed a petition seeking to transfer the case to NCLT and pushing the company firmly into liquidation. Mired in controversy since the launch of the two projects, all directors of AN Buildwell have already resigned, while work at sites has stopped for the last few years, as the company went into purposeful liquidation. Read more about Sandy Hooda fraud in detail click on the link. The Hon’ble Bench accepted submissions by Mr Vikas Sethi on behalf of FOSECA and SWBA, collectively representing over 1100 customers of AN Buildwell who submitted bonafides of the respective associations as well as proof of support from the majority of creditors. The Hon’ble Bench observed that the interests of the larger group should not be held hostage by the interests of a few individuals and passed an order dismissing...