The appeal challenges an NCLT order dated 01.06.2026 that admitted a Section 7 IBC petition against Earth Towne Infrastructure Private Limited (ETIPL) and initiated its Corporate Insolvency Resolution Process (CIRP). This admission occurred shortly after the Hon'ble Supreme Court, on 05.05.2026, restored the Resolution Plan for Earth Infrastructures Limited (EIL), ETIPL's holding company, and lifted the corporate veil between EIL and ETIPL, deeming ETIPL a 'front'. The Appellant, the Monitoring Committee of EIL's CIRP, argued that the CIRP against ETIPL, the land-owning entity for the 'Earth Towne' project, creates an irreconcilable conflict with the Supreme Court's judgment and renders the restored Resolution Plan for EIL impossible to implement.
The present appeal is filed by the Monitoring Committee of Earth Towne Project, Earth Infrastructures Limited under Section 61 of the Insolvency and Bankruptcy Code, 2016, against an Impugned Order dated 01.06.2026.
The Impugned Order was passed by the Bench-IV, National Company Law Tribunal, New Delhi, in Restored Company Petition (IBC) 9/ND/2025 [Old Case CP (IB) No.196/(ND)/2023].
The Impugned Order admitted a Section 7 petition against Earth Towne Infrastructure Private Limited (ETIPL) and initiated Corporate Insolvency Resolution Process (CIRP) against it.
ETIPL is the land-owning Special Purpose Company for the 'Earth Towne' project.
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Greater Noida Industrial Development…
Earth Towne Infrastructure Private Limited…
The appeal challenges an NCLT order dated 01.06.2026 that admitted a Section 7 IBC petition against Earth Towne Infrastructure Private Limited (ETIPL) and initiated its Corporate Insolvency Resolution Process (CIRP). This admission occurred shortly after the Hon'ble Supreme Court, on 05.05.2026, restored the Resolution Plan for Earth Infrastructures Limited (EIL), ETIPL's holding company, and lifted the corporate veil between EIL and ETIPL, deeming ETIPL a 'front'. The Appellant, the Monitoring Committee of EIL's CIRP, argued that the CIRP against ETIPL, the land-owning entity for the 'Earth Towne' project, creates an irreconcilable conflict with the Supreme Court's judgment and renders the restored Resolution Plan for EIL impossible to implement.
The present appeal is filed by the Monitoring Committee of Earth Towne Project, Earth Infrastructures Limited under Section 61 of the Insolvency and Bankruptcy Code, 2016, against an Impugned Order dated 01.06.2026.
The Impugned Order was passed by the Bench-IV, National Company Law Tribunal, New Delhi, in Restored Company Petition (IBC) 9/ND/2025 [Old Case CP (IB) No.196/(ND)/2023].
The Impugned Order admitted a Section 7 petition against Earth Towne Infrastructure Private Limited (ETIPL) and initiated Corporate Insolvency Resolution Process (CIRP) against it.
ETIPL is the land-owning Special Purpose Company for the 'Earth Towne' project.
…Greater Noida Industrial Development…
Earth Towne Infrastructure Private Limited…