# In the matter of Habitat Micro Build India Housing Finance Co. Pvt Ltd. vs. Sambandh Finserve Pvt. Ltd.

> HC judgment dated 2024-09-19. Citation: TCN-2024-HC-00030. The case is a writ petition (W.P.(C). No.21991 of 2024) filed in the High Court of Orissa at…

- **Court:** HC
- **Order date:** 19 Sept 2024
- **Citation:** TCN-2024-HC-00030
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/high-courts-new-delhi/habitat-micro-build-india-housing-finance-co-pvt-ltd-vs-sambandh-finserve-pvt-lt-3449f410

## Summary

### Background

The case is a writ petition (W.P.(C). No.21991 of 2024) filed in the High Court of Orissa at Cuttack. The petitioner, M/s. Habitat Micro Build India Housing Finance Co. Pvt. Ltd., Bengaluru, is challenging an order passed by the National Company Law Tribunal (NCLT), Cuttack Bench in CP (IB) No.27/CB/2023. The NCLT order appointed Mr. Saradindu Jena as the Interim Resolution Professional (IRP) for the Opposite Party-Company, M/s. Sambandh Finserve Pvt. Ltd., Bhubaneswar, which has been referred to the NCLT.

## Facts

M/s. Habitat Micro Build India Housing Finance Co. Pvt. Ltd., Bengaluru, filed a writ petition against M/s. Sambandh Finserve Pvt. Ltd., Bhubaneswar. The National Company Law Tribunal (NCLT), Cuttack Bench, passed an order in CP (IB) No.27/CB/2023, referring the Opposite Party-Company to the NCLT and appointing Mr. Saradindu Jena as the Interim Resolution Professional (IRP). The IRP has issued an advertisement inviting claims from secured creditors, with the last date for submission being 19.09.2024. The petitioner seeks to lodge a claim with the IRP, but the pendency of the writ petition raises concerns about whether it would be a bar to lodging the claim.

## Issues and analysis

### Issue 1: Whether the pendency of the writ petition bars the Petitioner-Company from lodging a claim before …

**Ratio:** The pendency of a legal proceeding should not automatically bar a party from exercising

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**Reasoning:** The court reasoned that preventing the petitioner from lodging a claim solely due to the

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**Interpretation:** This clarifies that the right to participate in the insolvency resolution

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**Application:** The court explicitly stated that the pendency of the writ petition shall not be

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## Parties

- **Judges:** Sanjay Kumar…
- **Appellants:** M/s. Habitat…
- **Respondents:** M/s. Sambandh…

## Timeline

- **2024-05-09 — NCLT Ord…**: The National Company Law Tribunal (NCLT), Cuttack Bench, passed an order in CP (IB)…
- **2024-09-19 — Order Da…**: The High Court of Orissa clarified that the pendency of the writ petition does not bar…

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