MUMBAI BENCH, COURT -V

Under Section 9 of the Insolvency and Bankruptcy Code, 2016 read with Rule 6 of the Insolvency and Bankruptcy (Application to

Adjudication Authority) Rule 2016)

In the matter of

SHAARC Projects Limited

309-C, Teesri Manjil, Megh Malhar Commercial Complex, Sector-11,

Gandhinagar Gujarat-382011 IN

…Operational Creditor/Petitioner

Vs

Hindustan Construction

Company Limited

Hincon House Lal Bahadur Shastri

Marg Vikhroli West MH 400083

...Corporate Debtor/Respondent

Order Dated: 24.04.2024

Coram:

MADHU SINHA REETA KOHLI

MEMBER (TECHNICAL) MEMBER (JUDICIAL)

Appearances:

For Petition: Mr. Kairav Trivedi (VC)

For Respondent: Adv. Pawan Kulkarni & Darshit Dave i/b M/s. AVP Partners (PH)

ORDER

1. This Company Petition is filed by SHAARC Projects Limited (hereinafter referred as “the Operational Creditor/Operational Creditor”) seeking to initiate Corporate Insolvency Resolution Process (hereinafter referred as “CIRP”) Hindustan Construction Company Limited (hereinafter called “Corporate Debtor”) by invoking the provisions of Section 9 of the Insolvency and Bankruptcy code, 2016 (hereinafter called “Code”) read with Rule 6 of Insolvency & Bankruptcy (Application to Adjudicating Authority) Rul