# In the matter of Anil Biyani vs. Axis Trustee Services Ltd. & Anr.

> NCLAT judgment dated 2025-04-23. Citation: TCN-2025-NCLAT-00377. The case is an appeal against an unspecified order related to insolvency proceedings. The…

- **Court:** NCLAT
- **Order date:** 23 Apr 2025
- **Citation:** TCN-2025-NCLAT-00377
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/anil-biyani-vs-axis-trustee-services-ltd-anr-0fe4fb64

## Summary

### Background

The case is an appeal against an unspecified order related to insolvency proceedings. The appellant is Anil Biyani, the suspended director of Future Ideas Company Ltd., and the respondents are Axis Trustee Services Ltd. & Anr.

## Facts

Anil Biyani, the suspended director of Future Ideas Company Ltd., is the appellant.

Axis Trustee Services Ltd. & Anr. are the respondents.

The hearing was completed on 23.04.2025, and the judgment was reserved.

Both parties are allowed to submit short notes of submission within 10 days.

The constitution of the Committee of Creditors (CoC) is stayed until the delivery of the judgment.

## Issues and analysis

### Issue 1: Whether the constitution of the Committee of Creditors (CoC) should be stayed until the delivery of …

**Ratio:** The CoC, if not constituted, shall not be

…

**Reasoning:** This is to prevent any actions by the CoC that might be affected by the outcome of the

…

**Interpretation:** The court is exercising its power to maintain the status quo until the judgment

…

**Application:** This order applies specifically to the

…

## Parties

- **Judges:** Ashok Bh…; Barun M…; +1 more
- **Appellants:** Anil Bi…
- **Respondents:** Future Ideas…; Axis Trustee…
- **Other parties:** Priyanka…; Swastika Mu…
- **Advocates:** Arun Kath…; Petrushka D…; +15 more

## Timeline

- **2025-04-23 — Hearing Com…**: The hearing was completed, and the judgment was reserved. Parties were given 10 days to…

---

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/anil-biyani-vs-axis-trustee-services-ltd-anr-0fe4fb64