Satinder Singh Bhasin vs Gautam Mullick

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2026 Supreme(SC) 114

SANJAY KUMAR, K. VINOD CHANDRAN
Satinder Singh Bhasin – Appellant
Versus
Gautam Mullick – Respondent

Advocates appeared:
For the Appellant(s) : Mr. Malak Manish Bhatt, AOR
For the Respondent(s): Mr. Atmaram N. S. Nadkarni, Sr. Adv. Ms. Ruchira Gupta, Adv. Mr. Salvador Santosh Rebello, AOR Ms. Pooja Tripathi, Adv. Mr. Areen Gulati, Adv. Mr. Mohtisham Ali, Adv. Mr. Raghav Sharma, Adv. Ms. Moulishree Pathak, Adv. Mr. Jaskirat Pal Singh, Adv. Ms. Manisha Gupta, Adv. Ms. Arzu Paul, Adv. Ms. Himanshi Nagpal, Adv. Mr. Ujjawal Agrawal, Adv. Mr. Gyanendra Yadav, Adv. Mr. Utsav Tarsolia, Adv. Mr. Saket Sikri, Adv. Mr. Nikhil Kohli, Adv. Mr. Nalin Talwar, Adv. Mr. Ishan Gaur, Adv. Mr. Mani Mehta, Adv. Mr. Manish Singhal, Adv. Ms. Akshaya Ganpath, Adv. Mr. Kushank Garg, Adv. Ms. Saumya Tiwari, Adv. Mr. Ajay Pal Singh Kuller, Adv. Ms. Ritika Gambhir Kohli, AOR Mr. Dhruv Mehta, Sr. Adv. Ms. Meenakshi Arora, Sr. Adv. Ms. Payal Chawla, Adv. Mr. Tishampati Sen, Adv. Mr. Shubhanshu Gupta, AOR Mr. Kartik Pant, Adv. Mr. Chaitanya, Adv. Mr. Raunak Satpathy, Adv. Mr. Keith Varghese, Adv. Mr. Srijan Sonkar, Adv. Mr. Vipin Sanghi, Sr. Adv. Mr. Abhishek Anand, Adv. Mr. Mandeep Kalra, AOR Mr. Karan Kohli, Adv. Ms. Palak Kalra, Adv. Ms. Ridhima Mehrotra, Adv. Ms. Radhika Narula, Adv. Ms. Anushna Satapathy, Adv. Ms. Chitrangada Singh, Adv. Ms. Radhika Jalan, Adv. Ms. Widaphi Lyngdoh, Adv. Mr. Yashas J, Adv. Ms. Gauri Rajput, Adv. Mr. Vaibhav Yadav, Adv. Mr. Paras Mohan Sharma, Adv. Ms. Shefali Tripathi, Adv.

Table of Content
1. establishment of corporate insolvency process. (Para 1 , 2 , 4 , 5 , 6)
2. offer assessments and settlement discussions. (Para 3 , 12 , 37 , 38)
3. determining financial creditor qualifications. (Para 7 , 8 , 9)
4. admission criteria for the insolvency application. (Para 10 , 11 , 14 , 18)
5. joint petition maintainability against corporate entities. (Para 25 , 26 , 27)
6. construction completion and delivery of possession. (Para 28 , 29 , 30 , 31 , 36)

JUDGMENT :

SANJAY KUMAR, J

1. By order dated 04.12.2023 passed in Company Petition IB (IBC) No. 646/PB/2021, the National Company Law Tribunal, Court – V, New Delhi Bench¹[For short, ‘the NCLT’] , initiated corporate insolvency resolution process under Section 7 of the Insolvency and Bankruptcy Code, 2016²[For short, ‘the Code’], against M/s. Grand Venezia Commercial Towers Private Limited³[For short, ‘Grand Venezia Ltd.’] and M/s. Bhasin Infotech and Infrastructure Private Limited⁴[For short, ‘Bhasin Ltd.’] . Assailing the said order, Company Appeal (AT)(INS) Nos.1593 and 1594 of 2023 came to be filed before the National Company Law Appellate Tribunal, Principal Bench, New Delhi ⁵[ For short, ‘the NCLAT’]. Ashok Kumar,

Click Here to Read the rest of this document

2026 Supreme(SC) 114

SANJAY KUMAR, K. VINOD CHANDRANSatinder Singh Bhasin – AppellantVersusGautam Mullick – Respondent

Cases Referred (4)

Related Judgments

Satinder Singh Bhasin VS Gautam Mullick - 2026 Supreme(SC) 114

Anup Tripathi vs Nandhini Hotels Pvt. Ltd. - 2026 Supreme(Online)(NCLT) 604

Neeraj Kumar Dubey & Ors vs Rudra Buildwell Projects Pvt. Ltd. - 2024 Supreme(Online)(NCLT) 1751

ARUMUGAM THIMMARAYAN VS OZONE PROJECTS PRIVATE LIMITED - 2026 Supreme(Online)(NCLT) 2136

Hemant Yadav vs IDBI Trusteeship Services Limited - 2026 Supreme(Online)(NCLT) 723

Anjani Kumar Prashar vs Manab Datta & Ors. - 2024 Supreme(Online)(NCLAT) 1109

Rita Malhotra, Bina Chopra vs ORRIS INFRASTRUCTURE PVT. LTD. - 2024 Supreme(Online)(NCLAT) 1274

Satinder Singh Bhasin VS Government of NCT of Delhi - 2026 Supreme(SC) 334

Invent Assets Securitization and Reconstruction Pvt Ltd VS Unit Construction Company Pvt Ltd - 2026 Supreme(Online)(NCLT) 1511

KUNNEL ENGINEERS AND CONTRACTORS PVT LTD VS NEST REALTIES INDIA PRIVATE LIMITED - 2026 Supreme(Online)(NCLT) 3130

SANJAY KUMAR, K. VINOD CHANDRAN
Satinder Singh Bhasin – Appellant
Versus
Gautam Mullick – Respondent