# In the matter of GRJ Distributors & Developers Private Limited IA-5701,5702,5703 & 5704-2021 in IB-1066(ND)-2020

> NCLT judgment dated 2022-05-09. Citation: TCN-2022-NCLT-02820. The case involves an application under Section 7 of the IBC code 2016. The counsels for the…

- **Court:** NCLT
- **Order date:** 9 May 2022
- **Citation:** TCN-2022-NCLT-02820
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/grj-distributors-developers-private-limited-ia-570157025703-5704-2021-in-ib-1066-5ae88d05

## Summary

### Background

The case involves an application under Section 7 of the IBC code 2016. The counsels for the Applicant/Financial Creditor and the Corporate Debtor are present. The Corporate Debtor's counsel has concluded arguments, and the Financial Creditor's counsel has supplemented as required. The counsel for the Applicant in IA-5701/21, 5702/21, 5703/21 & 5704/21 has also been heard at length and arguments concluded.

## Facts

The case involves an application under Section 7 of the IBC code 2016. Devinder Yadav & Ors. are the applicants/petitioners, and GRJ Distributors and Developers Private Limited is the respondent. The counsels for both parties were present and presented their arguments. The court directed both counsels to file written synopses of their arguments, including any case laws relied upon, within a week's time, with a copy to be exchanged between them. The orders in this regard are reserved.

## Parties

- **Judges:** BACHU VENKAT…; NARNEDER KUMAR…
- **Appellants:** Devinder Yadav &…
- **Respondents:** GRJ Distributors…

## Timeline

- **2022-05-09 — Order Del…**: The order was delivered…

## 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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