The case involves two appeals (CA (AT) (Ins) No. 1468 of 2019 and CA (AT) (Ins) No. 1473 of 2019) filed by Smti. Aditi Bezbaruah and Smti. Utpala Bezbaruah, respectively, against a common order dated 25.10.2019 passed by the Adjudicating Authority (National Company Law Tribunal, Guwahati Bench). The Appellants, who are sisters, had entered into separate development agreements with M/s Maxim Infrastructure and Real Estate Pvt. Ltd. (Corporate debtor) for the development of their respective land plots. Disputes arose when the Corporate debtor failed to adhere to the agreed terms, leading to the Appellants filing a writ petition in the Guwahati High Court. Subsequently, Bank of India initiated insolvency proceedings against the Corporate debtor under Section 7 of the IBC.

The case involves two appeals (CA (AT) (Ins) No. 1468 of 2019 and CA (AT) (Ins) No. 1473 of 2019) filed by Smti. Aditi Bezbaruah and Smti. Utpala Bezbaruah, respectively, against a common order dated 25.10.2019 passed by the Adjudicating Authority (National Company Law Tribunal, Guwahati Bench). The Appellants, who are sisters, had entered into separate development agreements with M/s Maxim Infrastructure and Real Estate Pvt. Ltd. (Corporate debtor) for the development of their respective land plots. Disputes arose when the Corporate debtor failed to adhere to the agreed terms, leading to the Appellants filing a writ petition in the Guwahati High Court. Subsequently, Bank of India initiated insolvency proceedings against the Corporate debtor under Section 7 of the IBC.