Sunil Kumar Dahiya, an ex-director/promoter of Vigneshwara Developers Pvt. Ltd. (Corporate Debtor), appealed against an NCLT order dated 10.10.2019 that admitted the Corporate Debtor into insolvency under Section 7 of the IBC. Dahiya argued that the NCLT disregarded ongoing proceedings in the Delhi High Court, where a Revival Scheme for the Corporate Debtor was pending, and judgment was reserved. He also contended that the Section 7 application filed by Lavkash Verma (Financial Creditor) was time-barred. The Delhi High Court had previously stayed the NCLT order and granted Dahiya liberty to approach the NCLAT.

Sunil Kumar Dahiya, an ex-director/promoter of Vigneshwara Developers Pvt. Ltd. (Corporate Debtor), appealed against an NCLT order dated 10.10.2019 that admitted the Corporate Debtor into insolvency under Section 7 of the IBC. Dahiya argued that the NCLT disregarded ongoing proceedings in the Delhi High Court, where a Revival Scheme for the Corporate Debtor was pending, and judgment was reserved. He also contended that the Section 7 application filed by Lavkash Verma (Financial Creditor) was time-barred. The Delhi High Court had previously stayed the NCLT order and granted Dahiya liberty to approach the NCLAT.