# In the matter of Amrapali LA- Residentia Flat Buyers
Welfare Association (ALRFBWA)
Vs.
LA Residentia Developers Pvt. Ltd.
(Under CIRP) & Anr. Company Appeal (AT) (Ins) No. 704 of 2022

> NCLAT judgment dated 2022-06-27. Citation: TCN-2022-NCLAT-00408. The case involves a Company Appeal (AT) (Ins) No. 704 of 2022 before the National Company Law…

- **Court:** NCLAT
- **Order date:** 27 Jun 2022
- **Citation:** TCN-2022-NCLAT-00408
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/amrapali-la-residentia-flat-buyers-welfare-association-alrfbwa-vs-la-residentia-5faca107

## Summary

### Background

The case involves a Company Appeal (AT) (Ins) No. 704 of 2022 before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. The appellant, Amrapali LA- Residentia Flat Buyers Welfare Association (ALRFBWA), is contesting a matter where the suspended director of the Corporate Debtor represented that the matter was settled on 04.06.2022 and on 08.06.2022 form FA under the I & B Code and regulations was given to the Interim Resolution Professional. The appellant claims the Interim Resolution Professional has not taken the form FA forward to the Adjudicating Authority diligently. I.A. No. 2853 of 2022 filed by the Suspended Director of the Board of the Corporate Debtor is slated ‘For Hearing' before the Adjudicating Authority on 05.07.2022.

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## Facts

Amrapali LA- Residentia Flat Buyers Welfare Association (ALRFBWA) has filed an appeal against LA Residentia Developers Pvt. Ltd. (Under CIRP) & Anr. The suspended director of the Corporate Debtor represented that the matter was settled on 04.06.2022 and on 08.06.2022 form FA under the I & B Code and regulations was given to the Interim Resolution Professional. The appellant claims the Interim Resolution Professional has not taken the form FA forward to the Adjudicating Authority diligently. I.A. No. 2853 of 2022 filed by the Suspended Director of the Board of the Corporate Debtor is slated ‘For Hearing' before the Adjudicating Authority on 05.07.2022. I.A. No. 2912 & 2913 of 2022 filed under (Rule 11 of the NCLT Rules) by the Financial Creditor is also

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## Issues and analysis

### Issue 1: Whether the Interim Resolution Professional has diligently pursued the matter before the …

**Ratio:** The ratio is based on the principles of corporate insolvency resolution process and the

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**Reasoning:** The court is examining the appellant's claim that the Interim Resolution Professional has

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**Interpretation:** This issue involves interpreting the duties and responsibilities of an Interim

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**Application:** The court will apply the ratio and reasoning to the specific facts of the case,

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## Parties

- **Judges:** M. Venu…; Shreesha…; +1 more
- **Appellants:** Amrapali La-Reside…
- **Respondents:** La Residentia…

## Timeline

- **2022-06-04 — Settlement Representatio…**: Suspended Director of the Corporate Debtor…
- **2022-06-08 — Form FA Sub…**: Form FA under the I & B Code and regulations was given to the Interim Resolution…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/amrapali-la-residentia-flat-buyers-welfare-association-alrfbwa-vs-la-residentia-5faca107