# In the matter of Piramal Capital & Housing Finance Ltd. Vs. Kapil Wadhawan & Ors. CA (AT) (Ins.) No. 393 of 2021

> NCLAT judgment dated 2021-06-07. Citation: TCN-2021-NCLAT-00245. The case pertains to Company Appeal (AT) (Insolvency) No. 393 of 2021 before the National…

- **Court:** NCLAT
- **Order date:** 7 Jun 2021
- **Citation:** TCN-2021-NCLAT-00245
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/piramal-capital-housing-finance-ltd-vs-kapil-wadhawan-ors-ca-333b076b

## Summary

### Background

The case pertains to Company Appeal (AT) (Insolvency) No. 393 of 2021 before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. The appeal involves Piramal Capital & Housing Finance Ltd. as the Appellant and Kapil Wadhawan & Ors. as the Respondents. The matter is related to insolvency proceedings.

## Facts

Piramal Capital & Housing Finance Ltd. filed a Company Appeal (AT) (Insolvency) No. 393 of 2021 against Kapil Wadhawan & Ors. before the NCLAT. The court ordered that this appeal be tagged with Company Appeal (AT) (Ins.) No. 370 of 2021, which involves Union Bank of India on behalf of the Committee of Creditors of Dewan Housing Finance Corporation Ltd. Vs. Kapil Wadhawan & Ors. The respondents were directed to file their Reply-Affidavits within one week, and the appellant was given one week to file a Rejoinder after that. The case was scheduled to be listed on 2021-06-25.

## Issues and analysis

### Issue 1: Whether the Company Appeal (AT) (Insolvency) No. 393 of 2021 should be tagged with Company Appeal …

**Ratio:** The court has the discretion to consolidate or tag related matters to ensure judicial

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**Reasoning:** Tagging the appeals together facilitates a comprehensive understanding of the issues and

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**Interpretation:** The court's decision to tag the appeals reflects an interpretation that the

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**Application:** The court applied this principle by directing that Company Appeal (AT)

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## Parties

- **Judges:** A.I.S. C…; V. P. S…
- **Appellants:** Piramal Capital…
- **Respondents:** Dewan Housing…; Kapil Wadhawan &…
- **Advocates:** Ashish…; Chitra Re…; +10 more

## Timeline

- **2021-06-07 — Order Da…**: Heard Learned Counsel for the…
- **2021-06-25 — Listing…**: Appeal may be listed with Company…

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