# In the matter of Delhi Metro Rail Corporation Ltd. vs. Consortium of Crown Steels and Sunrise
Industries

> NCLAT judgment dated 2026-03-27. Citation: TCN-2026-NCLAT-00094. The appeal challenges the order dated 11.09.2025 passed by the Adjudicating Authority…

- **Court:** NCLAT
- **Order date:** 27 Mar 2026
- **Citation:** TCN-2026-NCLAT-00094
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/delhi-metro-rail-corporation-ltd-vs-consortium-of-crown-steels-and-sunrise-indus-111ab5f6

## Summary

### Background

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.

## Facts

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.

…

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority has the jurisdiction to direct the revival of a Concession …

**Ratio:** The Adjudicating Authority does not have the jurisdiction to direct the revival of a

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**Reasoning:** The Concession Agreement was terminated on 01.09.2017, much before the CIRP commenced on

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**Interpretation:** The CIRP process cannot be used to revive agreements that were terminated

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**Application:** The tribunal modified the Adjudicating Authority's order, stating that no

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Delhi Metro Rail…
- **Respondents:** Prime Infrapark…; Consortium of M/s…; +3 more
- **Advocates:** Tarun J…; A. Gu…; +13 more

## Timeline

- **2009-10-16 — LOA Issu…**: Delhi Metro Rail Corporation (DMRC) issued a…
- **2010-04-01 — Concession Ag…**: PIL entered into a…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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