Liquidator of Homestead Infrastructure seeks transfer of CP (IB) 1018/2018 from NCLT Bench-II to Bench-IV for joint hearing with related case CP (IB) 1591/2018 against subsidiary Golden Peacock.
Both companies developed same 'Michael Schumacher World Tower' project, share common management, registered office, and have inter-corporate loans of ₹83.56 crore.
Tribunal allows transfer to ensure consistent adjudication of interconnected financial affairs and pending PUFE application alleging fraudulent share transfers and loan adjustments.