# In the matter of Boorugu Infra Projects Pvt. Ltd. in Consortium with Vishwanath Projects Ltd. and Anr. vs. Birendra Kumar Agarwal (RP) and Ors.

> NCLAT judgment dated 2025-10-15. Citation: TCN-2025-NCLAT-00536. The case involves a Company Appeal against an order passed by the NCLT, Hyderabad, regarding…

- **Court:** NCLAT
- **Order date:** 15 Oct 2025
- **Citation:** TCN-2025-NCLAT-00536
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-chennai/boorugu-infra-projects-pvt-ltd-in-consortium-with-vishwanath-projects-ltd-and-an-7e00e7dc

## Summary

### Background

The case involves a Company Appeal against an order passed by the NCLT, Hyderabad, regarding an Interlocutory Application (IA) filed in a Corporate Insolvency Resolution Process (CIRP). The appellant, a prospective resolution applicant (PRA), challenged the rejection of their IA seeking revision of the Information Memorandum (IM).

## Facts

The Corporate Debtor, M/s. Manjeera Retail Holdings Private Limited, was admitted into CIRP proceedings on 18.07.2023.

Boorugu Infra Projects Private Limited submitted an Expression of Interest (EoI) on 22.10.2023 and was shortlisted as a Prospective Resolution Applicant (PRA).

Boorugu Infra Projects Private Limited failed to submit a Resolution Plan within the stipulated deadline.

Lulu International Shopping Malls Private Limited submitted a Resolution Plan that was approved by the Committee of Creditors (CoC) on 22.03.2024.

The Appellant filed IA (IBC) / 439 / 2025 seeking revision of the Information Memorandum (IM), which was rejected by the NCLT.

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## Issues and analysis

### Issue 1: Whether the Appellant has the locus standi to …

**Ratio:** The Appellant does not have the locus standi to challenge the approval of the Resolution

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**Reasoning:** The Appellant's own Resolution Plan was rejected, and they failed to submit a plan within

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**Interpretation:** The Appellant is not an aggrieved party and has no right to intervene in the

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**Application:** The Appellant's challenge to the

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## Parties

- **Judges:** Sharad Kumar…; Jatindranat…
- **Appellants:** Boorugu Infra…; Boorugu Infra…; +4 more
- **Respondents:** M/s. Manjeera…; Birendra Kumar…; +2 more
- **Advocates:** Arun C.…; Mr.V.V.S.…; +1 more

## Timeline

- **18.07.2023 — CIRP Commen…**: Corporate Debtor admitted…
- **22.10.2023 — EoI Submi…**: Boorugu Infra Projects Private Limited…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61 — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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