The appeal was filed by Kinjal Enterprises challenging an order dated January 10, 2019, passed by the National Company Law Tribunal (NCLT). This initial order directed M/s. Kamla Real Estate Hub Pvt. Ltd. to redeposit an amount of Rs. 2,43,20,000 into the account of the Corporate Debtor by February 15, 2019, due to transactions carried out after the pronouncement of the Interim Resolution Professional (IRP). The order also delisted Respondent No. 8 from the array of respondents and allowed the Resolution Professional (RP) to convene a Committee of Creditors (CoC) meeting to decide on liquidation. A corrigendum to this order was issued on March 1, 2019, which clarified that Kinjal Enterprises was directed to redeposit the amount.

The appeal was filed by Kinjal Enterprises challenging an order dated January 10, 2019, passed by the National Company Law Tribunal (NCLT). This initial order directed M/s. Kamla Real Estate Hub Pvt. Ltd. to redeposit an amount of Rs. 2,43,20,000 into the account of the Corporate Debtor by February 15, 2019, due to transactions carried out after the pronouncement of the Interim Resolution Professional (IRP). The order also delisted Respondent No. 8 from the array of respondents and allowed the Resolution Professional (RP) to convene a Committee of Creditors (CoC) meeting to decide on liquidation. A corrigendum to this order was issued on March 1, 2019, which clarified that Kinjal Enterprises was directed to redeposit the amount.