Manish Bagrodia Director (Suspended Powers) of Winsome Yarns Limited – Appellant
Versus
Anil Kohli – Respondent
J U D G M E N T
HARISH VAIDYANATHAN SHANKAR, J.
1. This Writ Petition has been filed under Articles 226 and 227 of the Constitution of India, (Constitution), invoking the supervisory jurisdiction of this Court, seeking directions for the expeditious adjudication and, preferably, after consolidation, of two Interim Applications, (IAs) out of common transactions and disputes, which are (i) I.A. No. 635/2024 in T.A. No. 406/2022 (O.A. No. 136/2016), titled Punjab National Bank vs. M/s KMG A to Z Systems Pvt. Ltd. & Ors., pending before the Debts Recovery Tribunal-III, Delhi, (DRT-III); and (ii) I.A. No. 3340/2024 in T.A. No. 2097/2023 (O.A. No. 29/2017), titled Canara Bank vs. M/s KMG A to Z Systems Pvt. Ltd. & Ors., pending before the Debts Recovery Tribunal-II, Delhi, (DRT-II). In both IAs, the Petitioner has sought discharge from his personal guarantee and release of his mortgaged immovable property.
2. The Petitioner further seeks a stay of the personal insolvency proceedings initiated against him under Section 95 of the Insolvency and Bankruptcy Code, 2016, (IBC), bearing (IB) No. 58/ND/2025, titled Canara Bank vs. Sanjeev Krishan Sharma, pending before the National Com
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