# In the matter of Raj Arcades & Enclaves Private Limited

> NCLT judgment dated 2023-09-12. Citation: TCN-2023-NCLT-01704. 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-01704
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/raj-arcades-enclaves-private-limited-a999db8b

## 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 Insolvency and Bankruptcy Code (IBC) 2016.

## Facts

Bhanwarlal Taparia filed a case against Raj Arcades & Enclaves Private Limited under Section 7 of the IBC 2016. The case is registered as C.P. (IB)/607(MB)2021, and I.A. 4112 of 2023 was filed within this case. Mr. Ayush Rajani appeared as Counsel for the Applicant. The NCLT, Mumbai Bench, heard the matter on 2023-09-12 and allowed I.A. 4112 of 2023 as prayed for.

## Issues and analysis

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

**Ratio:** The legal principle applied is the tribunal's discretion to allow or disallow an

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**Reasoning:** The tribunal allowed the application, indicating that the applicant's request met the

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**Interpretation:** The interpretation involves understanding the scope and purpose of Section 7 of

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**Application:** The ratio and reasoning are applied to the specific facts of the case, leading

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## Parties

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

## Timeline

- **2023-09-12 — Order Shee…**: The order sheet was issued by the…

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