The case involves appeals against an order dated 05.08.2025 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Court-III, which admitted a Section 7 petition filed by IDBI Trusteeship Services Ltd. against Mahagun (India) Pvt. Ltd. (Corporate Debtor) initiating CIRP.
IDBI Trusteeship Services Ltd. filed a Section 7 petition against Mahagun (India) Pvt. Ltd. due to a default of Rs.256,48,85,907/-.
The Adjudicating Authority admitted the Section 7 petition on 05.08.2025 and appointed an Interim Resolution Professional (IRP).
Amit Jain, the Suspended Director of Mahagun (India) Pvt. Ltd., filed an appeal (Company Appeal (AT) (Ins.) No.1186 of 2025) against the admission order.
Manorialle Social Welfare Society, representing 195 homebuyers, also filed an appeal (Company Appeal (AT) (Ins.) No.1314 of 2025) seeking to confine the CIRP to the Mahagun Manorialle project.
Aditya Birla Capital Ltd. filed appeals (Company Appeal (AT) (Ins.) No.1254 and 1258 of 2025) arguing that CIRP should not affect projects where no default has occurred.
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The Adjudicating Authority admitted the…
The Appellate Tribunal passed an interim…
The case involves appeals against an order dated 05.08.2025 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Court-III, which admitted a Section 7 petition filed by IDBI Trusteeship Services Ltd. against Mahagun (India) Pvt. Ltd. (Corporate Debtor) initiating CIRP.
IDBI Trusteeship Services Ltd. filed a Section 7 petition against Mahagun (India) Pvt. Ltd. due to a default of Rs.256,48,85,907/-.
The Adjudicating Authority admitted the Section 7 petition on 05.08.2025 and appointed an Interim Resolution Professional (IRP).
Amit Jain, the Suspended Director of Mahagun (India) Pvt. Ltd., filed an appeal (Company Appeal (AT) (Ins.) No.1186 of 2025) against the admission order.
Manorialle Social Welfare Society, representing 195 homebuyers, also filed an appeal (Company Appeal (AT) (Ins.) No.1314 of 2025) seeking to confine the CIRP to the Mahagun Manorialle project.
Aditya Birla Capital Ltd. filed appeals (Company Appeal (AT) (Ins.) No.1254 and 1258 of 2025) arguing that CIRP should not affect projects where no default has occurred.
…The Adjudicating Authority admitted the…
The Appellate Tribunal passed an interim…