The appeal challenges the order dated 11.09.2025 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, Court III in I.A. No.2851 of 2025 filed by the Respondent No.1, the Successful Resolution Applicant praying for various reliefs. The Adjudicating Authority disposed of the application, leading to the appeal.
Delhi Metro Rail Corporation (DMRC) issued a LOA dated 16.10.2009 in favor of M/s Pratibha Industries Ltd. (PIL) for construction of Multi-level parking.
PIL entered into a Concession Agreement dated 01.04.2010, and M/s Prime Infrapark Pvt. Ltd. (PIPL) was constituted as a special purpose vehicle.
DMRC issued a termination notice for outstanding dues of Rs.36.78 Crores, and the Concession Agreement was terminated on 01.09.2017.
The Corporate Debtor invoked arbitration clause 12.
CIRP against the Corporate Debtor commenced on 12.08.2022.
The resolution plan submitted by Respondent No.1 was approved on 14.05.2024, contemplating the revival of the Concession Agreement.
…Sign in to view the parties.
Delhi Metro Rail…
PIL entered…
The appeal challenges the order dated 11.09.2025 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, Court III in I.A. No.2851 of 2025 filed by the Respondent No.1, the Successful Resolution Applicant praying for various reliefs. The Adjudicating Authority disposed of the application, leading to the appeal.
Delhi Metro Rail Corporation (DMRC) issued a LOA dated 16.10.2009 in favor of M/s Pratibha Industries Ltd. (PIL) for construction of Multi-level parking.
PIL entered into a Concession Agreement dated 01.04.2010, and M/s Prime Infrapark Pvt. Ltd. (PIPL) was constituted as a special purpose vehicle.
DMRC issued a termination notice for outstanding dues of Rs.36.78 Crores, and the Concession Agreement was terminated on 01.09.2017.
The Corporate Debtor invoked arbitration clause 12.
CIRP against the Corporate Debtor commenced on 12.08.2022.
The resolution plan submitted by Respondent No.1 was approved on 14.05.2024, contemplating the revival of the Concession Agreement.
…Delhi Metro Rail…
PIL entered…