# In the matter of Hadi Mohd Teher Badri Director Emaar MGF Land Ltd. Vs. Neeraj Gupta & Ors. Company Appeal(AT)(Ins)No. 107 of 2019

> NCLAT judgment dated 2022-09-30. Citation: TCN-2022-NCLAT-00178. The case involves an appeal against an order dated 24.01.2019 passed by the Adjudicating…

- **Court:** NCLAT
- **Order date:** 30 Sept 2022
- **Citation:** TCN-2022-NCLAT-00178
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/hadi-mohd-teher-badri-director-emaar-mgf-land-ltd-vs-neeraj-gupta-ors-company-ap-0c2a5faf

## Summary

### Background

The case involves an appeal against an order dated 24.01.2019 passed by the Adjudicating Authority (National Company Law Tribunal, Principal Bench, New Delhi) initiating Corporate Insolvency Resolution Process (CIRP) on a Section 7 application filed by Neeraj Gupta against Emaar MGF Land Ltd. The appeal was filed before the National Company Law Appellate Tribunal (NCLAT). Interim orders were passed on 01.02.2019. Civil Appeal No. 2502 of 2019 was filed against the order dated 01.02.2019, and the Supreme Court set aside the insolvency proceeding filed by Respondent No.2 (Neeraj Gupta). Subsequently, Respondent No.2 filed Civil Appeal No. 4433-4435/2019 before the Supreme Court challenging orders dated 04.04.2019, 05.04.2019 and 15.04.2019 passed by the NCLAT. The

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## Facts

Neeraj Gupta, a financial creditor (allottee), filed a Section 7 application under the Insolvency and Bankruptcy Code (IBC) against Emaar MGF Land Ltd., leading to the initiation of CIRP by the Adjudicating Authority (NCLT). Emaar MGF Land Ltd. appealed against this order. During the pendency of the appeal, the Supreme Court, in Civil Appeal No. 2502 of 2019, set aside the insolvency proceedings initiated against Emaar MGF Land Ltd. Subsequently, Neeraj Gupta filed Civil Appeal No. 4433-4435/2019 challenging the interim orders passed by NCLAT. The Supreme Court disposed of these appeals, directing NCLAT to expedite the hearing of the Company Appeal (AT) (Ins.) No. 107 of 2019. The appellant argued that the Supreme Court's decision in Civil Appeal No. 2502 of 2019

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## Issues and analysis

### Issue 1: Whether the Company Appeal (AT) (Ins.) No. 107 of 2019 had become infructuous in view of the order …

**Ratio:** When the basis of an appeal (in this case, the initiation of CIRP) is set aside by a

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**Reasoning:** The NCLAT reasoned that since the Supreme Court had already set aside the order

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**Interpretation:** This interpretation reinforces the principle that appellate proceedings are

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**Application:** The Supreme Court's decision in Civil Appeal No. 2502 of 2019 directly impacted

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Hadi Mohd Teher…
- **Respondents:** Emaar MGF Land…; Neeraj…

## Timeline

- **2018-01-01 — Section 7 App…**: Neeraj Gupta filed Section 7…
- **2019-01-24 — Adjudicating Authority…**: Adjudicating Authority initiated…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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