O R D E R

Per Radhakrishna Sreepada, Member (Technical):

1. The present Petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the IBC or the Code) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules,2016, on 27.07.2021 by Shri Anup Tripathi & 38 Others seeking initiation of the CIRP against M/s. Nandhini Hotels Pvt. Ltd (hereinafter referred to as ‘Respondent / Corporate Debtor’. The Respondent Company - the Corporate Debtor, was incorporated on 10.05.1991 with CIN No. U55209KA1991PTC011956 with its registered office situated at #114/2, Lalbagh Fort Road, Bengaluru-560004. The total Amount due as on 31.05.2024 was ₹14,36,36,462.71/- (Rupees Fourteen Crores Thirty- Six Lakhs Thirty-Six Thousand Four Hundred Sixty-Two and Paise Seventy-One only). The Date of Default is stated as 12.06.2022, as mentioned in Part IV of Form 1 filed along with the Petition.

2. This ‘Adjudicating Authority’ (`National Company Law Tribunal’, Bengaluru Bench), admitted the Corporate Debtor in to CIRP vide order dated 20.10.2022.

a. The Respondent filed an appeal before the Hon’ble NCLAT against the impugned order d