NCLT Permits Peace Infrastructure Asset Distribution to BoB

NCLT Ahmedabad allows liquidator to distribute unsold Peace Infrastructure assets worth ₹11.02 lakh to sole secured creditor Bank of Baroda.
Distribution covers disputed Flats E-12 and A-12 in Gandhinagar scheme, which failed to sell at auction due to title and possession issues.
Stakeholders Consultation Committee approved the action in its 24th meeting, transferring all rights and recoveries to Bank of Baroda.
Liquidator is discharged from liability for these assets, while third-party rights remain open for adjudication in separate civil proceedings.