# In the matter of Raj Arcades & Enclaves Private Limited

> NCLT judgment dated 2023-09-12. Citation: TCN-2023-NCLT-01681. 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-01681
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/raj-arcades-enclaves-private-limited-af942354

## 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

The case involves Bhanwarlal Taparia as the applicant and Raj Arcades & Enclaves Private Limited as the corporate debtor. The application, I.A. 4112 of 2023, was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) 2016. The NCLT, Mumbai Bench, heard the matter on 2023-09-12 and allowed the application as prayed for. Mr. Ayush Rajani appeared as Counsel for the Applicant.

## Issues and analysis

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

**Ratio:** The legal principle applied is the discretionary power of the NCLT to grant or deny

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**Reasoning:** The court's reasoning is that the application met the necessary requirements and legal

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**Interpretation:** The interpretation is that the NCLT found sufficient grounds to grant the

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**Application:** The ratio and reasoning were 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 — Hearing…**: The Mumbai Bench of the National Company Law…
- **2023-01-01 — I.A. 4112 o…**: I.A. 4112 of 2023 was…

## 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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