# In the matter of Ajmera Realty & Infra India Ltd. C.P.(IB)-4533(MB)-2019

> NCLT judgment dated 2021-07-07. Citation: TCN-2021-NCLT-01826. The case pertains to C.P.(IB)-4533(MB)/2019 filed by a single home buyer before the National…

- **Court:** NCLT
- **Order date:** 7 Jul 2021
- **Citation:** TCN-2021-NCLT-01826
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ajmera-realty-infra-india-ltd-cpib-4533mb-2019-88ea8413

## Summary

### Background

The case pertains to C.P.(IB)-4533(MB)/2019 filed by a single home buyer before the National Company Law Tribunal (NCLT), Mumbai Bench. The counsels for both sides are present.

## Facts

A Corporate Insolvency Resolution Process (CIRP) application, C.P.(IB)-4533(MB)/2019, was filed by a single home buyer against Ajmera Realty & Infra India Ltd. The counsel for the corporate debtor mentioned that the matter has been settled between the parties. However, the NCLT bench noted that the application was filed by a single home buyer and did not meet the threshold limit as per the provisions of the Code. Consequently, the application was dismissed.

## Issues and analysis

### Issue 1: Whether the application filed by a single home buyer is maintainable when it does not meet the …

**Ratio:** The threshold limit prescribed in the Insolvency and Bankruptcy Code (IBC) must be met

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**Reasoning:** The Bench reasoned that the application was filed by a single home buyer and did not meet

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**Interpretation:** The interpretation of the IBC emphasizes the importance of meeting the

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**Application:** In this case, the application was filed by a single home buyer and did not meet

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## Parties

- **Judges:** Chandra Bha…; SUCHITRAKAN…
- **Appellants:** Ashish Mishra &…
- **Respondents:** Ajmera Realty &…

## Timeline

- **2021-07-07 — Order Da…**: Order sheet of the hearing of Mumbai Bench…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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