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2026 Supreme(Online)(NCLT) 2720

NATIONAL COMPANY LAW TRIBUNAL
ASK PROPERTY INVESTMENT ADVISORS PRIVATE LIMITED – Appellant
Versus
NOBILITY ESTATES PRIVATE LIMITED – Respondent


Advocates:
For the Petitioner:ARUNAY GUHA ROY
For the Respondent:Wamika Trehan

ORDER

IA-1707/2026

1. The present application has been filed by Mr. Hitesh Goel, a Resolution Professional of Nobility Estates Private Limited (Corporate Debtor/NEPL), on behalf of ASK Trusteeship Services Private Limited (ASK), the Applicant in the instant Company Petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016 bearing CP-(IB)- 390(PB)/2023.

The application has been preferred under Section 12A read with Section 60(5) of the Code and under Regulation 30A (1) (b) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) and read with Rule 11 of the NCLT Rules, 2016 for seeking withdrawal of Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor initiated vide order dated 24th November, 2023 passed by this Adjudicating Authority. The prayers made in the application is extracted below:

“a. Allow the present application and permit withdrawal of the Company Petition being CP (IB) No. 390 of 2023 and accordingly conclude the Corporate Insolvency Resolution Process of Nobility Estates Private Limited by taking on record the Form FA dated 13 March 2026 issued

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