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Imperial Golf Estate, Ludhiana
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Updates for all Homeowners post Approval of Resolution Plan by Hon'ble NCLT, New Delhi dated on 24 May 2023 Format of announcements: [Date Uploaded: Details of event]

  • 28th July 2023: Successful takeover of Emerald Lands India Pvt Ltd by Malhotra Realty Pvt. Ltd.
  • 1st August 2023: We are happy to inform that the Golf Course at Imperial Golf Estate is now operational. Announcing our Golf Course Membership prices at 25,00,000 plus applicable GST, Effective from 1st August 2023.
  • 25th August 2023: Formation of Review Committee consisting of 3 members: Mr. Kshitij Jain (Authorised representative and spouse of Mrs. Aditi Jain), Mr. Brijesh Dheman and Mr. Vishal Bhadani.
  • 31st August 2023: Welcome Letters sent to many Homeowners at their registered addresses and email addresses as per records or as shared by Resolution Professional in the month of August 2023.
  • 30th September 2023: Welcome Letters sent to balance Homeowners at their registered addresses and email addresses as per records or as shared by Resolution Professional in the month of September 2023. In case you have not yet received it, immediately reach out to info@imperialgolfestate.in for your copy, and also get your contact details updated, in order to promptly receive important updates and communication.
  • 20th December 2023: Public Notice is issued in newspaper for certain announcements including pendency of documents for Committee of Creditors who had opted for Cash Recovery as per the terms of the Approved Resolution Plan.
  • 17th January 2024: Periodic Project Update sent to Review Committee who subsequently forwarded it to all Homeowners on 26th January 2024. In case you have not received yet, immediately reach out to any review committee member or us. Visit the Contact us page on the website or click here for the latest report. Also get your contact details updated, in order to promptly receive important updates and communication.
  • 27th January 2024: 1st Demand Letter, comprising of all unit details, consideration details, TDS details, past paid details, due amounts, due dates, process, all as per Resolution Plan and its Schedules, was sent to all valid Homeowners with due date of 26th February 2024. In case you have not yet received it, immediately reach out to info@imperialgolfestate.in for your copy, and also get your contact details updated, in order to promptly receive important updates and communication. Amounts are as provided by the Resolution Professional which are non-negotiable. Timely payments are mandatory as per the Resolution Plan, failing which the units shall stand permanently cancelled.
  • 5th February 2024: GST related letters sent to all valid Homeowners.
  • 14th February 2024: Correction/Amendment in TDS and Consideration sent to certain Homeowners.
  • 26th February 2024: For Homeowners who did not pay in due date, a Reminder Notice is sent to such Homeowners offering extension of 30 days and urging to pay by 27th March 2024. In case you have not yet received it, immediately reach out to info@imperialgolfestate.in for your copy, and also get your contact details updated, in order to promptly receive important updates and communication. Amounts are as provided by the Resolution Professional which are non-negotiable. Timely payments are mandatory as per the Resolution Plan, failing which the units shall stand permanently cancelled.
  • 28th March 2024: For Homeowners who did not pay even in the extended due date, Final Reminder Notice was sent again to such Homeowners urging them to pay immediately along with interest @15% p.a. till the date of final payment, i.e. by 25th July 2024, failing which such units shall be permanently cancelled. In case you have not yet received it, immediately reach out to info@imperialgolfestate.in for your copy, and also get your contact details updated, in order to promptly receive important updates and communication. Amounts are as provided by the Resolution Professional which are non-negotiable. Timely payments are mandatory as per the Resolution Plan, failing which the units shall stand permanently cancelled.
  • 8th May 2024: Amendment in composition of members of Review Committee basis request received from all existing Review Committee Members. New members and their contact details updated in the website. New members being:
    • Mr. Kshitij Jain (Authorised representative and spouse of Mrs. Aditi Jain)
    • Mr. Vikas Arora
    • Mr. Navdeep Basram
  • 31st May 2024: Periodic Project Update sent to Review Committee who subsequently forwarded it to all Homeowners on 20th June 2024. In case not received reach out to any review committee member or us. Visit the Contact us page on the website or click here for the latest report.
  • 26th July 2024: Permanent Cancellation Letters sent to those Homeowners who did not pay in time, in spite of raising Demand Letters and two extension/follow up notices, by post as well as email, as per the terms specified in the Approved Resolution Plan, and units taken back by the company. In case any allottee has not paid their first installment raised from 27th January 2024, credited in time by or before 25th July 2024 along with interest if applicable, such unit is permanently cancelled and taken back by the company. This is as per the terms in the approved resolution plan by the Hon’ble court of NCLT, New Delhi.
  • 26th July 2024: 2nd Demand Letter, comprising of all unit details, consideration details, TDS details, past paid details, due amounts, due dates, process, all as per Resolution Plan and its Schedules, was sent to all valid Homeowners (Category D & E) with due date of 24th August 2024. In case you have not yet received it, immediately reach out to info@imperialgolfestate.in for your copy, and also get your contact details updated, in order to promptly receive important updates and communication. Amounts are as provided by the Resolution Professional which are non-negotiable. Timely payments are mandatory as per the Resolution Plan, failing which the units shall stand permanently cancelled.
  • 26th August 2024: For Homeowners who did not pay the 2nd instalment by due date, a Reminder Notice is sent to such Homeowners offering extension of 30 days and urging to pay by 25th August 2024. In case you have not yet received it, immediately reach out to info@imperialgolfestate.in for your copy, and also get your contact details updated, in order to promptly receive important updates and communication. Amounts are as provided by the Resolution Professional and are non-negotiable. Timely payments are mandatory as per the Resolution Plan, failing which the units shall stand permanently cancelled.
  • 25th September 2024: For Homeowners who did not pay even in the extended due date, Final Reminder Notice due towards the 2nd demand letter dated 26th July 2024 was sent again to such Homeowners urging them to pay immediately along with interest @15% p.a. till the date of final payment, i.e. by 22nd January 2025, failing which such units shall be permanently cancelled. In case you have not yet received it, immediately reach out to info@imperialgolfestate.in for your copy, and also get your contact details updated, in order to promptly receive important updates and communication. Amounts are as provided by the Resolution Professional which are non-negotiable. Timely payments are mandatory as per the Resolution Plan, failing which the units shall stand permanently cancelled.
  • 11th November 2024:Periodic Project Update sent to Review Committee who subsequently forwarded it to all Homeowners on the same day. In case not received reach out to any review committee member or us. Visit the Contact us page on the website or click here for the latest report.

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Ludhiana has marked its place
on the global golfing circuit with
the launch of The Imperial Golf Estate,
Punjab's only Nicklaus Design
Championship Course.