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NATIONAL COMPANY LAW TRIBUNAL
SHRI MANNI SANKARIAH SHANMUGA SUNDARAM, SHRI ATUL CHATURVEDI, JJ
M/s Ashok Kumar Sinha (HUF) & Ors – Appellant
Versus
M/s Imperia Structures Limited – Respondent
| Table of Content |
|---|
| 1. application under ibc filed by corporate debtor. (Para 1 , 2 , 3) |
| 2. arguments presented by both parties regarding separate projects. (Para 4 , 5) |
| 3. threshold for financial creditors established by law. (Para 6 , 7 , 8) |
| 4. examination of claims regarding unified project. (Para 9 , 10 , 11 , 12) |
| 5. individual project registrations emphasize separate projects. (Para 13 , 14 , 15 , 16) |
| 6. supreme court affirms joint application criteria under ibc. (Para 17 , 18) |
| 7. court concludes on separate project status. (Para 19 , 20 , 21 , 22 , 23) |
| 8. final decision on maintainability of the application. (Para 24) |
ORDER
PER: MANNI SANKARIAH SHANMUGA SUNDARAM, MEMBER (JUDICIAL)
1. The present application is being filed on behalf of the M/s Imperia Structures Limited ("Corporate Debtor / Applicant") under Section 60 (5) of the Insolvency and Bankruptcy Code, 2016 ("IBC") read with Rule 11 of the National Company Law Tribunal Rules, 2016 ("Rules") inter-alia seeking dismissal of the Petition CP: IB 656/ND/2024, preferred by M/s Ashok Kumar Sinha (HUF) & 120 Ors. (“Financial Creditors / Respondents") under Section 7 of the IBC. The present Application is filed seeking the following relie
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