NATIONAL COMPANY LAW TRIBUNAL

COURT-V, MUMBAI BENCH

205. IA(PLAN)/104/2025 IA/6005/2024 IA/3658/2025 IA/2318/2025 IA/3855/2024

IA/1943/2025 C.P. (IB)/624(MB)2023

IN THE MATTER OF

Edelweiss Asset Reconstruction Company Limited

Vs

Meeti Developers Private Limited

U/s 7 of the Insolvency and Bankruptcy Code, 2016

Order Delivered on 09.12.2025

CORAM:

SH. MOHAN PRASAD TIWARI SH. CHARANJEET SINGH GULATI

MEMBER (J) MEMBER (T)

Appearance through VC/Physical/Hybrid Mode:

For the Applicant in IA/6005/2024: Adv. Nausher Kohli, Adv. Sachin Mhatre,

Adv. Diksha Shirodkar (PH)

For the Applicant in IA/3658/2025: Adv. Shyam Kapadia, Adv. Rati Patri,

Adv. Kathleen Lobo, Adv. Vikrant dere(PH)

For the Respondent1&2 in IA/3855/2024: Adv. Kanhaiya Jha (VC)

For the Respondent1&2 in IA/2819/ 2025: Adv. Gaurav Devdhekar (VC)

For the Respondent 11 in IA/1943/2025: Adv. Shyam Kapadia, Adv. Rati Patri,

Adv. Kathleen Lobo, Adv. Vikrant dere(PH)

For the Financial Creditor in IA/6005/2024: Adv. Rashid Boatwalla, Adv. Suchitra Valjee,

Adv. Neelakshi Pal (PH)

For the Respondent no. 2: Adv. Rashid Boatwalla, Adv. Suchitra Valjee,

Adv. Neelakshi Pal (PH)

_____________________________________________________________________

ORDER reply has been filed till today. Today when the matter is called, Advocate Gaurav Devdhekar has logged in through the VC and submits that they have been newly appointed in this matter and accordingly, seeks accommodation to file reply. However, noting the fact that nearly six months’ time has passed, again the three-weeks’ time was granted to the Respondents to file reply and reply has yet not been filed. In such background, we grant two-weeks’ time to the Respondent nos. 1 and 2 to file the reply subject to a cost of Rs. 30,000 each to be paid to the Prime Minister National Relief Fund and proof of such payment of cost to be submitted on the next occasion by way pursis.

IA/2318/2025: This matter had come up for our consideration on 05.06.2025 and directions were issued for issue of notice to the Respondents 1, 2 and 3. The Respondent nos. 1 and 2 have been served on 24.06.2025. In the order dated 05.06.2025, a time of three weeks after the service was granted to the Respondents to file reply, however, despite service no

As regards service to the respondent no. 3, it is informed to us by the learned counsel for the applicant that the track reports suggest that the R-3 has left without notice and accordingly, the service could not be done on the R-3. He seeks one more opportunity to serve Respondent no. 3 and place on record affidavit of service. Let the same be done within one week.

Upon Service, the Respondent no.3 is granted two weeks’ time to file his reply failing which, his right to file reply shall stand forfeited.

Accordingly, list this IA for further consideration on 19.01.2026.

IA/3658/2025: This IA has been filed by Ajmera Luxe Realty Pvt. Ltd against two Respondents. Respondent no. 1, being the RP, and Respondent no. 2 is the Committee of Creditors of the Corporate Debtor seeking following reliefs: -

a) That this Hon'ble Tribunal be pleased to direct and declare that the Subject Property being owned by the Society is entirely be excluded and segregated from the assets of the Corporate Debtor and shall not in any manner whatsoever deal with include or treat the Subject Property as forming part of the assets or estate of the Corporate Debtor under the Corporate Insolvency Resolution Process of the Corporate Debtor;

b) That this Hon'ble Tribunal be pleased to permanently injunct and restrain the Respondents, jointly and/or severally, from inviting, considering and/or voting upon any resolution plan which includes the Subject Property as an asset of the Corporate Debtor in any manner whatsoever or treating the Subject Property as an asset of the Corporate Debtor;

c) That this Hon'ble Tribunal be pleased to permanently injunct and restrain the Respondents, jointly and/or severally, from acting upon or in furtherance of the Request for Resolution Plan dated 26th O