# Tejas J. Shah & Amisha T. Shah & Ors. vs. Mantri Technology Constellations Pvt. Ltd. (Now Known as Buoyant Technology Constellations Pvt. Ltd.) & Ors.

> SC judgment dated 2026-07-27. Citation: TCN-2026-SC-00095. The appellants, who are homebuyers, filed a consumer complaint before the National Consumer…

- **Court:** SC
- **Order date:** 27 Jul 2026
- **Citation:** TCN-2026-SC-00095
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/tejas-j-shah-amisha-t-shah-ors-vs-mantri-technology-constellations-pvt-ltd-owx62

## Summary

### Background

The appellants, who are homebuyers, filed a consumer complaint before the National Consumer Disputes Redressal Commission (NCDRC) against Mantri Technology Constellations Pvt. Ltd. (Respondent No.1) and other associated entities (Respondent Nos. 2-7) for deficiency in service and delayed possession of apartments. During the pendency of this complaint, a Corporate Insolvency Resolution Process (CIRP) was initiated against Respondent No.1 by the National Company Law Tribunal (NCLT), imposing a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 (IBC). Subsequently, the NCDRC rejected the appellants' applications seeking to continue the consumer complaint against Respondent Nos. 2-7, citing the moratorium operating against Respondent No.1, and

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## Facts

The appellants are homebuyers who booked residential apartments in a project named 'Mantri Manyata Energia'.

The project was being developed by Respondent No. 1, Mantri Technology Constellations Private Limited (now known as Buoyant Technology Constellations Private Limited).

Respondent No. 2, Mantri Developers Pvt. Ltd., is alleged to have been associated with the development of the project.

Respondent Nos. 3 to 5 are alleged to be the promoters/directors of Respondent No. 1 and 2 companies.

Respondent Nos. 6 and 7 are the landowners of the project land.

Construction agreements and agreements for sale were executed between the appellants and Respondent No. 1 in 2016.

As per the agreement, possession of the apartments was to be handed over on or before 31.12.2018.

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## Issues and analysis

### Issue 1: Whether the NCDRC was justified in rejecting the IAs filed by the appellants on account of the …

**Ratio:** The moratorium imposed under Section 14 of the Insolvency and Bankruptcy Code, 2016,

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**Reasoning:** The object of the moratorium under Section 14 IBC is to preserve the assets of the

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**Interpretation:** A plain reading of Section 14 IBC makes it clear that the moratorium operates

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**Application:** The Supreme Court applied its previous rulings in *P. Mohanraj v. Shah Brothers

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## Parties

- **Judges:** Vikram Na…; Sandeep Meh…
- **Appellants:** Tejas J.…; Amisha T.…; +1 more
- **Respondents:** Mantri Technology…; Mantri Developers…; +2 more
- **Advocates:** D. Seshadri…; Sajan Po…; +2 more

## Timeline

- **2016 — Agreements E…**: Construction agreements and agreements for sale in respect of undivided share in the…
- **2018-12-31 — Possession D…**: Possession of the apartments was to be handed over on or before this date as per the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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