The case involves an application filed by an applicant under Section 60(5) and Section 65 of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, seeking impleadment in C.P. (IB) No. 597/ND/2022 and dismissal of Petition C.P. (IB) No. 597/ND/2021. The applicant is seeking to be impleaded in the company petition and requesting the dismissal of the petition, alleging it is collusive and fraudulent. The applicant claims the petition was filed with malicious intent to defraud the Tribunal and home buyers.
Ashmeet Singh Bhatia filed an application seeking impleadment in Company Petition No. 597/ND/2021 and dismissal of the petition. The application is based on allegations that the petition is fraudulent and collusive, filed with malicious intent to defraud the Tribunal and home buyers. The applicant also seeks an inquiry by the Serious Frauds Investigation Organizations (SFIO) into the financial frauds of Rs. hundreds of crores, intentionally and dishonestly perpetrated on the Corporate Debtor/SPC/M/s Three C Properties Pvt. Ltd. The applicant had previously filed a similar application (IA No 4971/2020) before the NCLT Principal Bench, which was dismissed on the ground that impleadment is not maintainable under Section 65 because CIRP had not been initiated. The
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Company Petit…
IA No 4971/2020, a similar application by the…
The case involves an application filed by an applicant under Section 60(5) and Section 65 of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, seeking impleadment in C.P. (IB) No. 597/ND/2022 and dismissal of Petition C.P. (IB) No. 597/ND/2021. The applicant is seeking to be impleaded in the company petition and requesting the dismissal of the petition, alleging it is collusive and fraudulent. The applicant claims the petition was filed with malicious intent to defraud the Tribunal and home buyers.
Ashmeet Singh Bhatia filed an application seeking impleadment in Company Petition No. 597/ND/2021 and dismissal of the petition. The application is based on allegations that the petition is fraudulent and collusive, filed with malicious intent to defraud the Tribunal and home buyers. The applicant also seeks an inquiry by the Serious Frauds Investigation Organizations (SFIO) into the financial frauds of Rs. hundreds of crores, intentionally and dishonestly perpetrated on the Corporate Debtor/SPC/M/s Three C Properties Pvt. Ltd. The applicant had previously filed a similar application (IA No 4971/2020) before the NCLT Principal Bench, which was dismissed on the ground that impleadment is not maintainable under Section 65 because CIRP had not been initiated. The
…Company Petit…
IA No 4971/2020, a similar application by the…