# In the matter of Gupta Builders and Promoters Private Limited

> NCLT judgment dated 2025-12-10. Citation: TCN-2025-NCLT-01892. M/S GBP DEVELOPERS PVT. LTD. filed an Interlocutory Application (IA No. 1998/2024) under…

- **Court:** NCLT
- **Order date:** 10 Dec 2025
- **Citation:** TCN-2025-NCLT-01892
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/gupta-builders-and-promoters-private-limited-964b3ce2

## Summary

### Background

M/S GBP DEVELOPERS PVT. LTD. filed an Interlocutory Application (IA No. 1998/2024) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking exclusion of certain parcels of land from the Corporate Insolvency Resolution Process (CIRP) of M/s Gupta Builders and Promoters Private Limited.

## Facts

M/S GBP DEVELOPERS PVT. LTD. filed IA No. 1998/2024 seeking exclusion of land from the CIRP of M/s Gupta Builders and Promoters Private Limited.

M/S GBP DEVELOPERS PVT. LTD. claimed ownership of the land based on sale deeds from 2017 and a JDA with the Corporate Debtor.

M/S GBP DEVELOPERS PVT. LTD. alleged that the Corporate Debtor fraudulently acquired ownership through a forged Board Resolution and Sale Deed.

The Resolution Professional, Mukesh Gupta, argued that the application was not maintainable and that the dispute was civil in nature.

CIRP commenced on 31.05.2022, and the resolution plan was approved by the CoC in April 2023.

The applicant had filed a civil suit regarding the land, but it was barred due to the moratorium under Section 14 of the IBC.

## Issues and analysis

### Issue 1: Whether the NCLT has jurisdiction under Section 60(5) of the IBC to adjudicate disputes regarding …

**Ratio:** The NCLT does not have plenary jurisdiction to adjudicate upon complex civil disputes,

…

**Reasoning:** The core dispute pertains to the validity of a registered sale deed and the genuineness

…

**Interpretation:** Section 60(5) of the IBC confers only a limited, residuary jurisdiction

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**Application:** The NCLT cannot make findings on the validity of the Board Resolution or the

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## Parties

- **Judges:** KHETRABASI…; SHISHIR A…
- **Appellants:** M/S GBP DEVELOPERS…
- **Respondents:** M/s Gupta…; Mukesh…
- **Other parties:** M/s Area Importers…
- **Advocates:** Aalok J…; Mr APS…; +4 more

## Timeline

- **2017-07-27 — Joint Development…**: Applicant entered into a JDA with the Corporate Debtor for development of the “Centrum”…
- **2020-09-14 — Alleged Board R…**: Applicant alleges that the Board…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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