ORDER

Per: Prabhat Kumar, Member (Technical)

1. The Interlocutory Application no. 917/2022 is filed by M/s Anchor Leasing Private Limited under Section 60(5) of the Insolvency & Bankruptcy Code, 2016 (“Code”) read with Rule 11 of the NCLT Rules, 2016 in the Corporate Insolvency Resolution Process (“CIRP”) of M/s Satra Properties (India) Limited (“Corporate Debtor”), to seek following reliefs

a. That this Tribunal be pleased to declare the sale of Shares by the Corporate Debtor and/or its nominees in favour of Mr. Mayank Jaswant Lal Shah i.e. Respondent No. 4 and/or its nominees vide the 2019 SPA as preferential and fraudulent under IBC.

b. That this Tribunal be pleased to declare the 2019 SPA and the sale of Shares by the Corporate Debtor and/or its nominees in favour of Respondent No. 4 as void ab initio, bad in law, illegal, unenforceable and not binding;

c. That this Tribunal be pleased to declare that the sale of Shares by the Respondent No. 4 in favour of Sh. Jignesh Pravinchandra Shah i.e. Respondent No. 8 is void ab initio, bad in law, illegal, unenforceable and not binding;

d. That this Tribunal be pleased to declare that the issue of Fresh Shares by the Respondent No. 2 in favou