# In the matter of IIFL Finance Ltd. Vs. AVJ Developers (India) Pvt. Ltd. & Anr. CA(AT)(Insolvency)No. 772 of 2020

> NCLAT judgment dated 2020-09-10. Citation: TCN-2020-NCLAT-00129. The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT)…

- **Court:** NCLAT
- **Order date:** 10 Sept 2020
- **Citation:** TCN-2020-NCLAT-00129
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/iifl-finance-ltd-vs-avj-developers-60e3558b

## Summary

### Background

The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT) concerning an insolvency matter. Interlocutory Applications Nos. 3125 of 2020, 1261 of 2020 and 2205 of 2020 are pending for consideration before the Adjudicating Authority.

## Facts

IIFL Finance Ltd. filed an appeal against AVJ Developers (India) Pvt. Ltd. & Anr. before the National Company Law Appellate Tribunal (NCLAT). The appeal concerned pending Interlocutory Applications Nos. 3125 of 2020, 1261 of 2020 and 2205 of 2020 before the Adjudicating Authority. The NCLAT noted that no order had been passed on the merit of the case. The matter was listed before the Adjudicating Authority (National Company Law Tribunal), New Delhi Principal Bench.

## Issues and analysis

### Issue 1: Whether the pending Interlocutory Applications should be heard and disposed of by the Adjudicating …

**Ratio:** The Adjudicating Authority has the responsibility to consider and dispose of pending

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**Reasoning:** The NCLAT directed the Adjudicating Authority to hear the pending Interlocutory

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**Interpretation:** This highlights the importance of timely adjudication of pending matters before

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**Application:** The NCLAT's direction to the Adjudicating Authority to hear and dispose of the

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## Parties

- **Judges:** Bansi Lal…; Anant Bijay…; +2 more
- **Appellants:** IIFL Financ…
- **Respondents:** AVJ Developers…

## Timeline

- **2020-09-10 — Order Da…**: The NCLAT heard the learned counsel for the parties and disposed of the appeal with…
- **2020-09-11 — Matter Listed Before…**: The matter is stated to be listed before the Adjudicating Authority (National Company Law…

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