IN THE NATIONAL COMPANY LAW TRIBUNAL, BENGALURU BENCH [Through Physical hearing/VC Mode (Hybrid)]

ITEM No.12 I.A. Nos. 132, 203, 313, 417, 428, 698, 699, 787/2023, 883/2024, 523, 602 & 606/2025 in C.P. (IB) No.21/BB/2020 IN THE MATTER OF:

M/s Mfar Constructions Private Limited … Petitioner Vs.

Canopy Estates Private Limited … Respondent Petition under Section 7 of IBC, 2016 Order delivered on: 24.04.2026 CORAM:

SHRI SUNIL KUMAR AGGARWAL HON’BLE MEMBER (JUDICIAL)

SHRI RADHAKRISHNA SREEPADA HON’BLE MEMBER (TECHNICAL)

PRESENT:

For the Homebuyers/F.C : Ms. Priyanka M R For the Landowners’, Canopy Classic : Shri Ashok Naik For the Applicant in IAs.

203,417 & 699/2023 : Shri J Anantha Narayanan

ORDER

Common Facts:

1. The Corporate Debtor was admitted to CIRP under Section 9 I&B Code on 06.06.2022, for a default of INR 5,80,49,773/- committed under a contract with respect to the Signature Block for project Shalom Canopy Crest.

2. According to the pleadings filed in I.A. 253/2022, Corporate Debtor has the following projects: