# In the matter of Gaurav Bhatia, vs. Martin Consulting LLC

> NCLAT judgment dated 2025-11-10. Citation: TCN-2025-NCLAT-00556. The appeal challenges the order dated 07.11.2025 passed by NCLT, Chandigarh Bench, Court No.2…

- **Court:** NCLAT
- **Order date:** 10 Nov 2025
- **Citation:** TCN-2025-NCLAT-00556
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/gaurav-bhatia-vs-martin-consulting-llc-0bc038b0

## Summary

### Background

The appeal challenges the order dated 07.11.2025 passed by NCLT, Chandigarh Bench, Court No.2 in a Section 9 application under IBC.

## Facts

The appeal challenges the order dated 07.11.2025 passed by NCLT, Chandigarh Bench.

The Section 9 application was filed for an amount of Rs. 54,03,581/- with interest @ 15% per annum.

The date of default was mentioned as February, 2019.

The Appellant is ready to deposit double the amount claimed to show its bonafide.

The Appellant is a CD with a turnover of more than Rs. 50 crores.

The IRP has issued a publication to the website on 07.11.2025.

The Appellant claims a pre-existing dispute regarding reconciliation and liability.

The Appellant is directed to deposit Rs. 1,09,10,000/-.

Order dated 07.11.2025 shall remain stayed.

## Issues and analysis

### Issue 1: Whether the Appellant has made …

**Ratio:** The Appellant has offered to deposit Rs. 1,09,10,000/- without prejudice to their rights

…

**Reasoning:** The court is of the view that the Appellant has

…

**Interpretation:** The deposit of the amount demonstrates the Appellant's bonafide and willingness

…

**Application:** The Appellant is directed to deposit the

…

## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Gaurav B…
- **Respondents:** Bird Delhi…; Martin Consulting…
- **Other parties:** IRP…
- **Advocates:** Abhijeet…; Aseem Chat…; +3 more

## Timeline

- **2025-11-07 — Order by…**: Order passed by NCLT, Chandigarh Bench,…
- **2019-02-01 — Date of D…**: Date of default mentioned in…

## 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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