The appeals were filed under Section 61 of the Insolvency and Bankruptcy Code 2016 against orders dated 23.09.2025 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench-IV) in I.A. Nos. 3020 of 2022 and 1950 of 2023 in C.P. (IB) No. 983 (ND)/2020. The Adjudicating Authority dismissed both I.A. Nos. 3020 of 2022 and 1950 of 2023, rejecting the claims of the Appellants in the Corporate Insolvency Resolution Proceedings of Vibrant Buildwell Private Limited.
Mr. Surender Modi (in CA(AT)(Ins) No. 1734 of 2025) and Primex Estates Private Limited (in CA(AT)(Ins) No. 1735 of 2025) filed appeals against the rejection of their claims in the CIRP of Vibrant Buildwell Private Limited.
The Adjudicating Authority dismissed I.A. Nos. 3020 of 2022 and 1950 of 2023, rejecting the claims of Mr. Surender Modi and Primex Estates Private Limited, respectively.
Mr. Surender Modi claimed Rs 1,09,33,020/- based on a loan agreement, which was rejected by the RP and subsequently by the Adjudicating Authority.
Primex Estates Private Limited claimed Rs. 9,43,54,070/-, comprising a principal amount of Rs. 30,95,000/- and interest of Rs. 9,12,59,070/-, which was also rejected.
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The appeals were filed under Section 61 of the Insolvency and Bankruptcy Code 2016 against orders dated 23.09.2025 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench-IV) in I.A. Nos. 3020 of 2022 and 1950 of 2023 in C.P. (IB) No. 983 (ND)/2020. The Adjudicating Authority dismissed both I.A. Nos. 3020 of 2022 and 1950 of 2023, rejecting the claims of the Appellants in the Corporate Insolvency Resolution Proceedings of Vibrant Buildwell Private Limited.
Mr. Surender Modi (in CA(AT)(Ins) No. 1734 of 2025) and Primex Estates Private Limited (in CA(AT)(Ins) No. 1735 of 2025) filed appeals against the rejection of their claims in the CIRP of Vibrant Buildwell Private Limited.
The Adjudicating Authority dismissed I.A. Nos. 3020 of 2022 and 1950 of 2023, rejecting the claims of Mr. Surender Modi and Primex Estates Private Limited, respectively.
Mr. Surender Modi claimed Rs 1,09,33,020/- based on a loan agreement, which was rejected by the RP and subsequently by the Adjudicating Authority.
Primex Estates Private Limited claimed Rs. 9,43,54,070/-, comprising a principal amount of Rs. 30,95,000/- and interest of Rs. 9,12,59,070/-, which was also rejected.
…Vibrant Buildwell Pvt.…
Public announcement was…