ORDER

1. This Application has been filed on 19.01.2024 by 22 Allottees (Home Buyers) as the Applicant Financial Creditors as mentioned in Memo of Parties above, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred as “IBC/I&B Code/ the Code”) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016 against M/s NHA Infrabuild Private Limited (hereinafter referred as “Respondent Corporate Debtor”) in Form 1 containing all the information as required in Part I, II, III, IV and V of the Form showing a default in respect of the total financial debt pertaining to 22 allottees/Financial Creditors to whom 34 units of flats have been allotted amounting to Rs. 14,57,41,930.00 (Rupees Fourteen Crores Fifty Seven Lakhs Forty One Thousand Nine Hundred Thirty Only) which includes a sum of Rs. 5,71,35,420.00 (Rupees Five Crores Seventy One Lakhs Thirty Five Thousand Four Hundred Twenty Only) towards interest at rate 8% payable by the Respondent Corporate Debtor to the Applicant Financial Creditors as on 31.03.2023.

2. The Respondent Corporate Debtor i.e M/s INFRABUILD PRIVATE LIMITED with CIN No. U45201UP2022PTC168820 is havin