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S.J.MUKHOPADHAYA, BANSI LAL BHAT
Mamatha – Appellant
Versus
AMB Infrabuild Pvt. Ltd. – Respondent
JUDGMENT :
Sudhansu Jyoti Mukhopadhaya, J.
The Appellant, allottee of Real Estate, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘I&B Code’ for short) for initiation of ‘Corporate Insolvency Resolution Process’ jointly against 1st and 2nd Respondents- (‘Corporate Debtor’). The Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, New Delhi, rejected the application by impugned order dated 12th March, 2018 on the ground that the application under Section 7 of the ‘I&B Code’ cannot be filed jointly against the two ‘Corporate Debtors’, with following observations :
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