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Lok Housing and Constructions Limited (“the company”) is a Bombay Stock Exchange-listed* company incorporated under the provisions of Companies Act, 2013 (erstwhile Companies Act, 1956) having CIN - L76210MH1985PLC037143, registered at Shop No.4, Lok Bhavan, Ground, Lok Bharati Complex Marol, Maroshi Road, Andheri, Mumbai-400059, Maharashtra, India. The company is engaged in the business of development and construction of real estate.

 

The company was admitted into the Corporate Insolvency Resolution Process (“CIRP”) vide order reference no. CP (IB) - 4135/I&B/MB/2018 dated 3rd June 2019, by the Hon’ble National Company Law Tribunal, Mumbai Bench, under section 7 of Insolvency & Bankruptcy Code, 2016 (“IBC”) in the petition filed by USV Private Limited and Mr. Hemant J. Mehta (Registration No.: IBBI/IPA-001/IP-P00027/2016-17/10060) was appointed as Interim Resolution Professional (“IRP”).

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As per Memorandum of Association of the company the main objects of the company are:

“To engage in the business of real estate and in particular purchase and sale of land and/or building and owing buying selling, hiring, letting sub-letting, maintaining, allotting, transferring, allotment, administering, exchanging mortgaging, accepting, lease, tenancy or sub-tenancy and constructing, reconstructing, extending, altering or demolishing, buildings or tenements, block, flats, shops, godowns, garages, through its own agency or through contractors and purchasing, holding in stock or selling materials incidental to construction, repair, overhaul or maintenance of land and buildings, to fix and collect rents”.

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Corporate Debtor - Significant Events

 

1985 – On 14th August 1985 the company got incorporated as Navdeep Construction Co. Ltd.

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1986 – On 22nd January 1986 the company Listed on Bombay Stock Exchange

 

1990 - The Company’s name changed from Navdeep Construction Co. Ltd. to Lok Housing & Constructions Co. Ltd (“LHCL”)

 

2007 - Hon’ble Bombay High Court had approved the Merger of Lok Shelters Ltd with the Company.

 

2013 – The assets and liabilities of M/s Lok Enterprises, a partnership firm in which LHCL became the sole surviving partner, were subsumed with that of LHCL.

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(*The company was delisted from Bombay Stock Exchange on 5th November 2018)

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Website Link where Annual Report is available on BSE which was filed by CD:

https://www.bseindia.com/corporates/Comp_Results.aspx?Code=500256

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The Resolution Professional Mr. Hemant Mehta having registration number IBBI/IPA-001/IP-P00027/2016-17/10060 was appointed by the Hon’ble NCLT, Mumbai Bench Order dated 20th Sep 2019 for carrying out the Corporate Insolvency Resolution Process.