# In the matter of Rajesh Kumar Dhingra vs. IDBI Trusteeship Services Limited

> NCLAT judgment dated 2025-07-18. Citation: TCN-2025-NCLAT-00421. The case involves an appeal against an impugned order. The appellant claimed an amount that…

- **Court:** NCLAT
- **Order date:** 18 Jul 2025
- **Citation:** TCN-2025-NCLAT-00421
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/rajesh-kumar-dhingra-vs-idbi-trusteeship-services-limited-520cad06

## Summary

### Background

The case involves an appeal against an impugned order. The appellant claimed an amount that has been paid after reconciliation of accounts.

## Facts

The impugned order was initially directed to be suspended on 04.06.2025.

An amount of Rs. 15,000/- was demanded and has been paid after reconciliation of accounts.

The respondent claims there are other dues besides those stated in the petition.

The proper course for closure of CIRP is submitted to be Section 12A of the IBC, as per para 82 of the Byju's judgment.

The impugned order and CIRP are stayed until further orders.

## Issues and analysis

### Issue 1: Whether the impugned order should be stayed considering the payment made and the respondent's claim …

**Ratio:** The court considered the submissions and stayed the impugned order and CIRP until further

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**Reasoning:** The court took into account the payment made and the respondent's claim of additional

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**Interpretation:** The court is balancing the interests of both parties while ensuring compliance

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**Application:** The stay order applies to the impugned

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## Parties

- **Judges:** Yogesh K…; Indevar P…
- **Appellants:** Rajesh Kumar…
- **Respondents:** IDBI Trust…
- **Advocates:** Arun Kath…; Rajiv N…; +12 more

## Timeline

- **2025-06-04 — Previous…**: The impugned order was…
- **2025-07-18 — Current…**: The impugned order and CIRP were stayed until further orders. Respondent to file reply…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 12A — (1) Subject to sub](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-12a)

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