# In the matter of Jaipuria Buildcon Pvt. Ltd.

> NCLT judgment dated 2023-05-02. Citation: TCN-2023-NCLT-03532. The case involves Mrs. Pallavi Gupta Thakur & Mr. Padam Thakur & Ors as Petitioners/Applicants…

- **Court:** NCLT
- **Order date:** 2 May 2023
- **Citation:** TCN-2023-NCLT-03532
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/jaipuria-buildcon-pvt-ltd-c2a194c8

## Summary

### Background

The case involves Mrs. Pallavi Gupta Thakur & Mr. Padam Thakur & Ors as Petitioners/Applicants against Jaipuria Buildcon Pvt Ltd as Respondent. The order is under Section 7 of the Insolvency & Bankruptcy Code (IBC), 2016 (CIRP).

## Facts

Mrs. Pallavi Gupta Thakur & Mr. Padam Thakur & Ors filed a case against Jaipuria Buildcon Pvt Ltd under Section 7 of the IBC. The court is considering multiple IAs related to the case. The RP is directed to examine claims filed by homebuyers against the Corporate Debtor, referencing a prior NCLAT judgment. IA-4972/2022 was dismissed due to the applicant's absence. IA-6299/2022 was withdrawn by the RP. The court directed the IBBI to initiate proceedings against Respondent no. 1-2 under Section 70 of the IBC.

## Issues and analysis

### Issue 1: Whether the Resolution Professional should examine the applications filed by the homebuyers in …

**Ratio:** The Resolution Professional (RP) has a duty to examine claims filed by homebuyers against

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**Reasoning:** The court refers to the judgment of Hon'ble NCLAT in the matter of “Puneet Kaur Vs. KV

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**Interpretation:** This legal issue involves the interpretation of the RP's duties under the IBC

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**Application:** The RP is directed to apply the ratio by meticulously reviewing the

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## Parties

- **Judges:** Ramalingam…; SH. L. N.…
- **Appellants:** Pallavi Gupta…
- **Respondents:** Jaipuria Buildcon…

## Timeline

- **2023-05-02 — Order Del…**: Order delivered on…
- **2023-04-17 — Date of Hearing…**: Last date of hearing for…

## 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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