IDBI Trusteeship Services Limited, acting as the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Shree Vardhman Buildrop Private Limited, the Corporate Debtor, by filing a petition under Section 7 of the Code, 2016. Mr. Rajesh Kumar, along with 24 other applicants claiming to be homebuyers in the 'Shree Vardhaman Mantra' project developed by the Corporate Debtor, filed an interlocutory application (I.A. No. 6467 of 2023) seeking to be impleaded as necessary parties. The homebuyers argued that admitting the petition would delay the project's completion and handover of apartments, prejudicing their interests. Mr. Rajesh Kumar had booked an apartment in the project and paid a majority of the sums due under the Apartment Buyer

IDBI Trusteeship Services Limited, acting as the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Shree Vardhman Buildrop Private Limited, the Corporate Debtor, by filing a petition under Section 7 of the Code, 2016. Mr. Rajesh Kumar, along with 24 other applicants claiming to be homebuyers in the 'Shree Vardhaman Mantra' project developed by the Corporate Debtor, filed an interlocutory application (I.A. No. 6467 of 2023) seeking to be impleaded as necessary parties. The homebuyers argued that admitting the petition would delay the project's completion and handover of apartments, prejudicing their interests. Mr. Rajesh Kumar had booked an apartment in the project and paid a majority of the sums due under the Apartment Buyer