# In the matter of Multiple Hotels Private Limited

> NCLT judgment dated 2026-01-13. Citation: TCN-2026-NCLT-00061. Kotak Mahindra Bank initiated CIRP against Multiple Hotels Private Limited under Section 7 of…

- **Court:** NCLT
- **Order date:** 13 Jan 2026
- **Citation:** TCN-2026-NCLT-00061
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/multiple-hotels-private-limited-f2cdc317

## Summary

### Background

Kotak Mahindra Bank initiated CIRP against Multiple Hotels Private Limited under Section 7 of IBC. An application was filed by KCGP Developers Private Limited, a prospective resolution applicant (PRA), seeking directions for the respondents to share full particulars of the assets, property, and stocks of the Corporate Debtor and to allow the applicant to submit the Resolution Plan.

## Facts

Kotak Mahindra Bank initiated CIRP against Multiple Hotels Private Limited.

KCGP Developers Private Limited filed an application seeking directions for respondents to share asset details and allow submission of a resolution plan.

KCGP Developers claimed discrepancies in the Information Memorandum regarding road access to the Corporate Debtor's site.

KCGP Developers alleged the RP unlawfully included another PRA after declaring them as the sole PRA.

The RP contended KCGP Developers defaulted repeatedly despite extensions.

The RP argued the Information Memorandum was prepared as per regulations, and due diligence was the responsibility of the PRA.

The CoC approved a resolution plan submitted by Ms. Aditi Sinha.

…

## Issues and analysis

### Issue 1: Whether the Applicant, KCGP Developers Private Limited, has the locus standi to file the …

**Ratio:** A prospective resolution applicant (PRA) who did not submit a resolution plan by the

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**Reasoning:** The NCLT relied on the NCLAT's decision in Astral Agro Ventures v. Mr. Vakati

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**Interpretation:** The failure to submit a resolution plan despite having the opportunity to do so

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**Application:** Since KCGP Developers Private Limited did not submit a resolution plan despite

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## Parties

- **Judges:** Labh S…; Rekha Kantilal…
- **Appellants:** KCGP Developers…
- **Respondents:** Multiple Hotels…; Jitendra…; +1 more
- **Other parties:** Narshima Rao…
- **Advocates:** Rohit Kr.…; Ankit Cha…; +2 more

## Timeline

- **2022-12-29 — Order for admitting the…**: NCLT passed an order for admitting…
- **2022-12-31 — Public Announcement by…**: The IRP made a public announcement under Regulation 6 of the Insolvency and Bankruptcy…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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