These appeals challenge a common order dated 7th March, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Special Bench, New Delhi. The core issue revolves around the initiation of Corporate Insolvency Resolution Process (CIRP) against multiple corporate debtors who are corporate guarantors for the same principal borrower, Adel Landmarks Limited. Edelweiss Asset Reconstruction Company Limited, the appellant, filed separate applications under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against nine corporate debtors. The Adjudicating Authority primarily dealt with the case of Manogayan Estates Pvt. Ltd. and held that since CIRP had already been triggered against the principal borrower, Adel Landmarks Limited, for the same set of

These appeals challenge a common order dated 7th March, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Special Bench, New Delhi. The core issue revolves around the initiation of Corporate Insolvency Resolution Process (CIRP) against multiple corporate debtors who are corporate guarantors for the same principal borrower, Adel Landmarks Limited. Edelweiss Asset Reconstruction Company Limited, the appellant, filed separate applications under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against nine corporate debtors. The Adjudicating Authority primarily dealt with the case of Manogayan Estates Pvt. Ltd. and held that since CIRP had already been triggered against the principal borrower, Adel Landmarks Limited, for the same set of