The appeal was filed by Surender Singh, a suspended director of Vatika Limited, challenging the order dated 03.02.2026 passed by the adjudicating authority (National Company Law Tribunal, Chandigarh Bench) admitting a Section 7 application filed by IDBI Trusteeship Services Limited.
Surender Singh, a suspended director of Vatika Limited, filed an appeal challenging the order of the adjudicating authority.
The adjudicating authority (National Company Law Tribunal, Chandigarh Bench) admitted a Section 7 application filed by IDBI Trusteeship Services Limited.
The corporate debtor, Vatika Limited, is engaged in the business of Real Estate Development.
On 30.06.2017, the corporate debtor entered into a Debenture Trust Deed (DTD) with IDBI Trusteeship Limited for the issuance of 1,460 debentures with a value of ₹146 crore.
The issuance of the debenture was protected by various securities, including mortgage over project land and assignment of receivables.
…Sign in to view the parties.
The Adjudicating…
The court modified the order of the…
Sign in to view related legal provisions.
The appeal was filed by Surender Singh, a suspended director of Vatika Limited, challenging the order dated 03.02.2026 passed by the adjudicating authority (National Company Law Tribunal, Chandigarh Bench) admitting a Section 7 application filed by IDBI Trusteeship Services Limited.
Surender Singh, a suspended director of Vatika Limited, filed an appeal challenging the order of the adjudicating authority.
The adjudicating authority (National Company Law Tribunal, Chandigarh Bench) admitted a Section 7 application filed by IDBI Trusteeship Services Limited.
The corporate debtor, Vatika Limited, is engaged in the business of Real Estate Development.
On 30.06.2017, the corporate debtor entered into a Debenture Trust Deed (DTD) with IDBI Trusteeship Limited for the issuance of 1,460 debentures with a value of ₹146 crore.
The issuance of the debenture was protected by various securities, including mortgage over project land and assignment of receivables.
…The Adjudicating…
The court modified the order of the…
Sign in to view related legal provisions.