Ashwani Kumar Oberoi vs DISTRICT MAGISTRATE, JAGADHRI

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2026 Supreme(Online)(NCLT) 1273

NATIONAL COMPANY LAW TRIBUNAL
KHETRABASI BISWAL, Judicial Member, SHISHIR AGARWAL, Technical Member
Ashwani Kumar Oberoi – Appellant
Versus
DISTRICT MAGISTRATE, JAGADHRI – Respondent

Advocates:
For the Applicant:Mr. Aalok Jagga, Advocate, Mr. Sahil Lohan, Advocate, Mr. APS Madan, Advocate, Mr. Aryaman Jagga, Advocate, Mr. Madhav Singhal, Advocate
For the Respondent No. 2 (SBI):Ms. Munisha Gandhi, Sr. Advocate, Ms. Salina Chalana, Advocate, Mr. Harsh Garg, Advocate, Mr. Ramneek Kaur Mann, Advocate, Mr. Pulkit Goyal, Advocate

Table of Content
1. application seeks restraint on possession due to section 96 moratorium. (Para 1 , 2)
2. sbi opposes: no moratorium violation, sale confirmed pre-filing. (Para 3)
3. rejoinder: sale certificate void post section 94 filing. (Para 4)
4. oral arguments on moratorium vs. sarfaesi auction completion. (Para 5 , 6 , 7 , 8)
5. issue framed: moratorium bars sarfaesi post-auction confirmation? (Para 9 , 10 , 11)
6. nclat binding: redemption ends on auction notice/publication. (Para 12 , 13 , 14 , 15 , 16 , 17)
7. rejects bombay hc view; condemns misuse of ibc. (Para 18 , 19 , 20)
8. application dismissed; no moratorium violation post-sale confirmation. (Para 21 , 22)

ORDER

1. The present Application has been filed by the Applicant, Mr. Ashwani Kumar Oberoi (Personal Guarantor), under Section 60(5) read with Section 96 of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the National Company Law Tribunal Rules, 2016, inter alia seeking directions to restrain the Respondents from proceeding to take physical possession of the property bearing Plot No. N-31, Industrial Area, Yamunanagar, on the ground that the same is in violation of the interim moratorium under of the Code

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2026 Supreme(Online)(NCLT) 1273

NATIONAL COMPANY LAW TRIBUNALKHETRABASI BISWAL, Judicial Member, SHISHIR AGARWAL, Technical MemberAshwani Kumar Oberoi – AppellantVersusDISTRICT MAGISTRATE, JAGADHRI – Respondent

Cases Referred (1)

NATIONAL COMPANY LAW TRIBUNAL
KHETRABASI BISWAL, Judicial Member, SHISHIR AGARWAL, Technical Member
Ashwani Kumar Oberoi – Appellant
Versus
DISTRICT MAGISTRATE, JAGADHRI – Respondent