# In the matter of Pawan Kumar Manguturam Bairagra vs. Encore Asset Reconstruction Company Ltd.

> NCLAT judgment dated 2023-12-20. Citation: TCN-2023-NCLAT-00016. The document pertains to two Company Appeals before the National Company Law Appellate…

- **Court:** NCLAT
- **Order date:** 20 Dec 2023
- **Citation:** TCN-2023-NCLAT-00016
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/pawan-kumar-manguturam-bairagra-vs-encore-asset-reconstruction-company-ltd-2229baa3

## Summary

### Background

The document pertains to two Company Appeals before the National Company Law Appellate Tribunal (NCLAT). Company Appeal (AT) (Ins.) No. 701 of 2023 involves Pawan Kumar Manguturam Bairagra as the Appellant and Encore Asset Reconstruction Company Ltd. as the Respondent. Company Appeal (AT) No. 217 of 2023 involves Mrs. Urmila Bairagra as the Appellant and Bairagra Builders Pvt. Ltd. & Ors. as the Respondent. The appeals are being heard in hybrid mode.

## Facts

Pawan Kumar Manguturam Bairagra has filed Company Appeal (AT) (Ins.) No. 701 of 2023 against Encore Asset Reconstruction Company Ltd. Mrs. Urmila Bairagra has filed Company Appeal (AT) No. 217 of 2023 against Bairagra Builders Pvt. Ltd. & Ors. Mr. Krishnendu Datta, Sr. Advocate, completed his submissions on 20.12.2023, and the arguments are scheduled to continue on 22.12.2023. An interim order is currently in effect. The relevance of these facts lies in the ongoing nature of the appeals and the procedural steps being taken by the court.

## Issues and analysis

### Issue 1: Whether the interim order should …

**Ratio:** The principle of maintaining the status quo during the pendency of a legal proceeding is

…

**Reasoning:** The court has directed that the interim order shall continue till the next date of

…

**Interpretation:** The interpretation is that the court finds it necessary to maintain the

…

**Application:** The application is that the interim order, whatever its specific terms, remains

…

## Parties

- **Judges:** Ashok Bh…; Arun Ba…
- **Appellants:** Pawan Kumar…
- **Respondents:** Encore Asset…
- **Advocates:** Krishnendu…; Abhijeet…; +10 more

## Timeline

- **2023-12-20 — Completion of…**: Mr. Krishnendu Datta, Learned Sr.…
- **2023-12-22 — Continuation of…**: Arguments to continue…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/pawan-kumar-manguturam-bairagra-vs-encore-asset-reconstruction-company-ltd-2229baa3