Col P K Uberoi (Retd ) vs Vigneshwara Developwell Pvt Ltd

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2020 Supreme(Del) 1252

JAYANT NATH
Col P K Uberoi (Retd ) – Appellant
Versus
Vigneshwara Developwell Pvt Ltd – Respondent

Advocates Appeared:
Shailendra Singh, Advocate, Shashwat Jain, Advocate, Sandeep Phogat, Advocate, Arunav Patnaik, Advocate, Shikhar Saha, Advocate, Anju Jain, Advocate, Najimuddin Ahmed, Advocate, R.K. Gupta, Advocate, Abhishek Saket, Advocate, Shahana Farah, Advocate, Rahul Dubey, Advocate, Chitral Gambhir, Advocate, Siddhant Tripathi, Advocate, Abhinav Mishra, Advocate, Nivedita Chauhan, Advocate, Karan Nagpal, Advocate, Arunav Patnak, Advocate, Arjun Nanda, Advocate, Amitabh Sinha, Advocate, Aarzoo Aneja, Advocate, Jay Salva, Advocate, Bharat Gupta, Advocate, Shreya Rao, Advocate, Vishesh Chauhan, Advocate, Sameer Jain, Advocate, Angad Sandhu, Advocate, Anish Dayal, Advocate, Siddharth Vaid, Advocate, Rupam Sharma, Advocate, Kunal Sharma, Advocate, Anil Grover, Advocate, Noopur Singhal, Advocate, Nipun Kapur, Advocate, Ruchir Bhatia, Advocate, Manik Dogra, Advocate, Dushyant Manocha, Advocate, Ananaya Ghosh, Advocate

JUDGMENT

Jayant Nath, J. - This application is filed under section 391-393 of the Companies Act, 1956 by the promoters of Vigneshwara Developwell Private Limited and Vigneshwara Developers Private Limited praying for approval of the proposed Scheme of Compromise and Arrangement of the two companies with their respective members and creditors. Against the two companies in question, namely, Vigneshwara Developers Private Limited and Vigneshwara Developwell Private Limited winding up petitions were admitted and order appointing the OL as Provisional Liquidator were passed by this court on 22.7.2016 in CP No.534/2015 titled Naresh Chand Gupta and Anr. vs. Vigneshwara Developers Private Limited and in (the present petition) CP No.885/2015 titled Col.P.K.Uberoi (Retd.) and Anr. vs. Vigneshwara Developwell Private Limited.

2. It is pleaded that during pendency of the aforesaid proceedings by permission of this court, the Ex.Management of the aforesaid companies engaged in mediation proceedings with the creditors. Large number of settlements have been concluded before the Delhi High Court Mediation and Conciliation Centre by the authorised representatives with the creditors. Based on the sa

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2020 Supreme(Del) 1252

JAYANT NATHCol P K Uberoi (Retd ) – AppellantVersusVigneshwara Developwell Pvt Ltd – Respondent

Cases Referred (2)

JAYANT NATH
Col P K Uberoi (Retd ) – Appellant
Versus
Vigneshwara Developwell Pvt Ltd – Respondent