# In the matter of Raj Arcades & Enclaves Private Limited

> NCLT judgment dated 2023-09-12. Citation: TCN-2023-NCLT-01700. The document is an order sheet from the National Company Law Tribunal (NCLT), Mumbai Bench,…

- **Court:** NCLT
- **Order date:** 12 Sept 2023
- **Citation:** TCN-2023-NCLT-01700
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/raj-arcades-enclaves-private-limited-0ef0514f

## Summary

### Background

The document is an order sheet from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding IA/4112/2023 in C.P. (IB)/607(MB)2021. The case involves Bhanwarlal Taparia versus Raj Arcades & Enclaves Private Limited. The order was issued on 12.09.2023.

## Facts

The case involves an application, I.A. 4112 of 2023, filed in connection with C.P. (IB)/607(MB)2021. The parties involved are Bhanwarlal Taparia as the applicant and Raj Arcades & Enclaves Private Limited. The application was heard by the Mumbai Bench of the National Company Law Tribunal (NCLT) on 12.09.2023. Mr. Ayush Rajani appeared as Counsel for the Applicant. The application was allowed as prayed for. The case is related to Section 7 of the IBC 2016.

## Issues and analysis

### Issue 1: Whether I.A. 4112 of 2023 …

**Ratio:** The ratio is that if an application is deemed appropriate and meets the necessary legal

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**Reasoning:** The court allowed the application, indicating that it found merit in the application and

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**Interpretation:** The interpretation is that the court has the discretion to allow applications

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**Application:** In this specific case, the court applied the ratio by considering the details

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## Parties

- **Judges:** Reeta K…; Madhu S…
- **Appellants:** Bhanwarlal…
- **Respondents:** Raj Arcades &…

## Timeline

- **2023-09-12 — 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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