# In the matter of Raj Arcades & Enclaves Private Limited

> NCLT judgment dated 2023-09-12. Citation: TCN-2023-NCLT-01673. 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-01673
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/raj-arcades-enclaves-private-limited-925e940a

## 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 application is filed under Section 7 of the IBC 2016.

## Facts

Bhanwarlal Taparia filed a case against Raj Arcades & Enclaves Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC) 2016. The case was heard by the Mumbai Bench of the National Company Law Tribunal (NCLT). The applicant, represented by Mr. Ayush Rajani, filed I.A. 4112 of 2023, which was subsequently allowed by the tribunal.

## Issues and analysis

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

**Ratio:** The tribunal has the discretion to allow or dismiss applications based on the merits of

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**Reasoning:** The order sheet states that I.A. 4112 of 2023 is allowed as prayed for, indicating that

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**Interpretation:** The phrase 'allowed as prayed for' implies that the tribunal accepted the

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**Application:** In this specific case, the tribunal found the applicant's arguments and

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## Parties

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

## Timeline

- **2023-09-12 — Order Da…**: The Mumbai Bench of the National Company Law Tribunal issued an order allowing I.A. 4112…

## 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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