The Applicants filed two interlocutory applications: I.A. No. 2604 ND 2026 to amend their prayer clauses by incorporating specific case number references, and I.A. No. 2343 ND 2026 to substitute the name of a consortium member, AKB Ventures Private Limited, with AKB Ventures LLP, in the Memo of Parties. This substitution was necessitated by a corporate restructuring where AKB Ventures Private Limited amalgamated with Prodigious Estate Private Limited, which then changed its name back to AKB Ventures Private Limited, and subsequently converted into AKB Ventures LLP. The Respondent opposed the substitution, alleging suppression of material facts by the Applicants regarding the amalgamation and conversion during the Corporate Insolvency Resolution Process (CIRP).
I.A. No. 2604 ND 2026 was filed by the Applicants under Rule 11 of the NCLT Rules, 2016, seeking to amend prayer clauses.
I.A. No. 2343 ND 2026 was filed by the Applicants seeking substitution of the name "Consortium of AKB Ventures Private Limited and Sustainable Projects Private Limited" with "Consortium of AKB Ventures LLP and Sustainable Projects Private Limited" in the Memo of Parties of I.A. No. 5202/2025.
The Adjudicating Authority had previously allowed the Applicants to amend the Original Interlocutory Application vide order dated 27.05.2026.
AKB Ventures Private Limited amalgamated with Prodigious Estate Private Limited with an appointed date of 01.04.2025, effective from 22.10.2025.
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The Resolution Professional issued Form G for 13…
The Applicants filed two interlocutory applications: I.A. No. 2604 ND 2026 to amend their prayer clauses by incorporating specific case number references, and I.A. No. 2343 ND 2026 to substitute the name of a consortium member, AKB Ventures Private Limited, with AKB Ventures LLP, in the Memo of Parties. This substitution was necessitated by a corporate restructuring where AKB Ventures Private Limited amalgamated with Prodigious Estate Private Limited, which then changed its name back to AKB Ventures Private Limited, and subsequently converted into AKB Ventures LLP. The Respondent opposed the substitution, alleging suppression of material facts by the Applicants regarding the amalgamation and conversion during the Corporate Insolvency Resolution Process (CIRP).
I.A. No. 2604 ND 2026 was filed by the Applicants under Rule 11 of the NCLT Rules, 2016, seeking to amend prayer clauses.
I.A. No. 2343 ND 2026 was filed by the Applicants seeking substitution of the name "Consortium of AKB Ventures Private Limited and Sustainable Projects Private Limited" with "Consortium of AKB Ventures LLP and Sustainable Projects Private Limited" in the Memo of Parties of I.A. No. 5202/2025.
The Adjudicating Authority had previously allowed the Applicants to amend the Original Interlocutory Application vide order dated 27.05.2026.
AKB Ventures Private Limited amalgamated with Prodigious Estate Private Limited with an appointed date of 01.04.2025, effective from 22.10.2025.
…The Committee of Creditors (CoC), in its…
The Resolution Professional issued Form G for 13…