The case originated from a Company Petition (CP IB-97/ND/2022) heard by a division bench of the National Company Law Tribunal (NCLT), New Delhi. Dissenting judgments were delivered on a repayment plan by the two members, leading to a difference of opinion. The matter was subsequently referred to the President, NCLT, and then to a third member for resolution.
Company Petition CP IB-97/ND/2022 was heard by a division bench (Court-II, NCLT, New Delhi).
Dissenting judgments were delivered on 03.09.2025 by Sh. Ashok Kumar Bhardwaj, Member (Judicial) and Smt. Reena Sinha Puri, Member (Technical).
Sh. Ashok Kumar Bhardwaj approved the repayment plan, while Smt. Reena Sinha Puri rejected it due to various irregularities.
Due to the difference of opinion, the matter was placed before the then President, NCLT Justice Ramalingam Sudhakar on 25.09.2025.
The President, NCLT, referred the difference of opinion to a third member, Sh. Nilesh Sharma, Member (Judicial), NCLT Mumbai Bench, on 05.02.2026.
The third member first heard the matter on 20.02.2026 and pronounced judgment on 25.08.2026.
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Dissenting judgments delivered by the…
Matter placed before the then President,…
The case originated from a Company Petition (CP IB-97/ND/2022) heard by a division bench of the National Company Law Tribunal (NCLT), New Delhi. Dissenting judgments were delivered on a repayment plan by the two members, leading to a difference of opinion. The matter was subsequently referred to the President, NCLT, and then to a third member for resolution.
Company Petition CP IB-97/ND/2022 was heard by a division bench (Court-II, NCLT, New Delhi).
Dissenting judgments were delivered on 03.09.2025 by Sh. Ashok Kumar Bhardwaj, Member (Judicial) and Smt. Reena Sinha Puri, Member (Technical).
Sh. Ashok Kumar Bhardwaj approved the repayment plan, while Smt. Reena Sinha Puri rejected it due to various irregularities.
Due to the difference of opinion, the matter was placed before the then President, NCLT Justice Ramalingam Sudhakar on 25.09.2025.
The President, NCLT, referred the difference of opinion to a third member, Sh. Nilesh Sharma, Member (Judicial), NCLT Mumbai Bench, on 05.02.2026.
The third member first heard the matter on 20.02.2026 and pronounced judgment on 25.08.2026.
…Dissenting judgments delivered by the…
Matter placed before the then President,…