ORDER

PER: DR. SANJEEV RANJAN, MEMBER (TECHNICAL)

1. That the present intervention application filed by Mr. Neeraj Malhotra, proprietor of M/s Vista Buildwell before this Hon’ble Tribunal in the present matter bearing IB 354(ND)/2023 with the following prayer :

i. allow this application and thereafter, impleaded the Intervener Applicant Financial creditor as one of the Intervener Applicant /Financial creditor in the present IBC Proceedings pending against the petitioner / corporate deЬtor in the interest of justice;

ii. to рау the entire dues of the intervener Applicant from the assets of the petitioner / corporate debtor.

iii. to grant relief as just and proper in the interest of justice and deemed fit to this Hon’blе Тribunal in accordance with the facts and circumstances of the case.

2. Briefly stated the facts of the case as mentioned in the instant application, which are just and necessary for adjudication, are as follows: -

a. That the Intervener/ applicant i.e., Vista Buildwell entered into the lease agreement on 16.01.2021 but the said agreement was effective from 31.12.2020. The petitioner / corporate deЬtor agreed to take the property on lease for а period i.e., till 31.12.2027.