# Ms. Vandana Garg vs. Mysore Petro Chemicals Limited

> NCLAT judgment dated 2026-05-27. Citation: TCN-2026-NCLAT-00213. Ms. Vandana Garg, the Resolution Professional of Raguleela Builders Private Limited…

- **Court:** NCLAT
- **Order date:** 27 May 2026
- **Citation:** TCN-2026-NCLAT-00213
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/ms-vandana-garg-vs-mysore-petro-chemicals-limited-foik4

## Summary

### Background

Ms. Vandana Garg, the Resolution Professional of Raguleela Builders Private Limited (corporate debtor), filed an appeal challenging an order of the Adjudicating Authority (NCLT). The NCLT order, dated 18.12.2023, allowed the claim of Mysore Petro Chemicals Limited (respondent) for ₹5,20,22,000/-, which was based on an order passed by the Real Estate Regulatory Appellate Authority (RERAA). The NCLT had held that the respondent's claim was not belated and that the corporate debtor was bound by the RERAA judgment.

## Facts

On 02.07.2015, Mysore Petro Chemicals Limited (respondent) entered into an agreement with Raguleela Builders Private Limited (corporate debtor) for the purchase of a commercial unit, with delivery scheduled for 30.09.2015.

The respondent fully paid the consideration for the unit, but the corporate debtor failed to deliver it as agreed.

The respondent filed a complaint with the Real Estate Regulatory Authority (RERA), which dismissed the complaint on 08.10.2020, citing delay in obtaining the Occupancy Certificate.

On 17.12.2020, the respondent preferred an appeal to the Real Estate Regulatory Appellate Authority (RERAA) challenging the RERA order, and notice was served on the corporate debtor on 19.12.2020.

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## Issues and analysis

### Issue 1: Whether an order passed by the Real Estate Regulatory Appellate Authority (RERAA) during the …

**Ratio:** An order passed by an adjudicatory authority during the moratorium period under Section

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**Reasoning:** The NCLAT referred to Supreme Court judgments in P. Mohanraj & Ors. v. Shah Brothers

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**Interpretation:** Section 14 of the IBC imposes an absolute bar on the continuation of pending

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**Application:** The RERAA order, dated 30.06.2022, which directed the corporate debtor to pay

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## Parties

- **Judges:** N. Sesha…; Arun Ba…
- **Appellants:** Vandana…
- **Respondents:** Raguleela…; Mysore Petro…
- **Advocates:** Rajiv Kumar…; Aalok…; +1 more

## Timeline

- **2015-07-02 — Agreement for…**: Mysore Petro Chemicals Limited (respondent) entered into an agreement with Raguleela…
- **2015-09-30 — Scheduled Unit…**: The commercial unit was to be handed over to the respondent by this date, but the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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