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IN THE NATIONAL COMPANY LAW TRIBUNAL PRINCIPAL BENCH, NEW DELHI INTERVENTION PETITION No. 60 to 67 of 2026 IN C.A. No. 62 of 2024, C.A. No. 231 of 2023, C.A. No. 223 of 2023, C.A.

No. 228 of 2023, C.A. No. 08 of 2024, C.A. No. 315 of 2023, C.A. No.

390 of 2023, C.A. No. 261 of 2023 IN C.P. No. 105 of 2023 ALONG WITH C.A. No. 223 of 2023, C.A. No. 228 of 2023, C.A. No. 231 of 2023, C.A.

No. 315 of 2023, C.A. No. 261 of 2023, C.A. No. 390 of 2023, C.A. No.

08 of 2024 and C.A. No. 62 of 2024 IN C.P. No. 105 of 2023 IN THE MATTER OF:

UNION OF INDIA THROUGH SERIOUS FRAUD INVESTIGATION OFFICE …PETITIONER VERSUS BHUSHAN AIRWAYS SERVICES PRIVATE LIMITED & ORS.

…RESPONDENT AND IN THE MATTER OF INTERVENTION PETITION NOS. 60 TO 67 OF

2026 BHUSHAN POWER & STEEL LIMITED …APPLICANT/RESPONDENT NO. 76 VERSUS UNION OF INDIA THROUGH THE SERIOUS FRAUD INVESTIGATION OFFICE & ORS.

…NON-APPLICANT/PETITIONER AND IN THE MATTER OF C.A. NO. 223 OF 2023 DÉCOR INVESTMENTS & FINANCE PVT. LTD. & ORS.

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…APPLICANT/RESPONDENT NO. 12 VERSUS UNION OF INDIA THROUGH THE SERIOUS FRAUD INVESTIGATION OFFICE …NON-APPLICANT/PETITIONER AND IN THE MATTER OF C.A. NO. 228 OF 2023 SILVER STAR COMMERCIAL COMPANY PVT. LTD. & ORS.

…APPLICANT/RESPONDENT NO. 34 VERSUS UNION OF INDIA THROUGH THE SERIOUS FRAUD INVESTIGATION OFFICE & ORS.

…NON-APPLICANT/PETITIONER AND IN THE MATTER OF C.A. NO. 231 OF 2023 MR. HARDEV CHAND VERMA & ANR.

…APPLICANT/RESPONDENT NO. 38 VERSUS UNION OF INDIA THROUGH THE SERIOUS FRAUD INVESTIGATION OFFICE & ORS.

…NON-APPLICANT/PETITIONER AND IN THE MATTER OF C.A. NO. 315 OF 2023 MR. RAJ KUMAR KEDIA …APPLICANT/RESPONDENT NO. 54 VERSUS UNION OF INDIA THROUGH THE SERIOUS FRAUD INVESTIGATION OFFICE & ORS.

…NON-APPLICANT/PETITIONER AND IN THE MATTER OF C.A. NO. 261 OF 2023 MR. SANJAY SINGAL & ANR.

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…APPLICANT/RESPONDENT NO. 36 VERSUS UNION OF INDIA THROUGH THE SERIOUS FRAUD INVESTIGATION OFFICE & ORS.

…NON-APPLICANT/PETITIONER AND IN THE MATTER OF C.A. NO. 390 OF 2023 MR. DPS BHATIA …APPLICANT/RESPONDENT NO. 46 VERSUS UNION OF INDIA THROUGH THE SERIOUS FRAUD INVESTIGATION OFFICE & ORS.

…NON-APPLICANT/PETITIONER AND IN THE MATTER OF C.A. NO. 08 OF 2024 PRIYANKA MIGLANI …APPLICANT/RESPONDENT NO. 44 VERSUS UNION OF INDIA THROUGH THE SERIOUS FRAUD INVESTIGATION OFFICE & ORS.

…NON-APPLICANT/PETITIONER AND IN THE MATTER OF C.A. NO. 62 OF 2024 PRUDENT TRANSPORT COMPANY LIMITED …APPLICANT/RESPONDENT NO. 30 VERSUS UNION OF INDIA THROUGH THE SERIOUS FRAUD INVESTIGATION OFFICE & ORS.

…NON-APPLICANT/PETITIONER ORDER PRONOUNCED ON: 30.10.2026 Coram:

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JUSTICE ANUPINDER SINGH GREWAL HON’BLE PRESIDENT SHRI RAVINDRA CHATURVEDI HON’BLE MEMBER (TECHNICAL)

Present:

For the Applicants in Ivn. Pet. No. : Mr. Gyanendra Kumar, Senior 60 of 2026; Ivn. Pet. No. 61 of Advocate a/w Ms. Kamalika 2026; Ivn. Pet. No. 62 of 2026; Ivn. Bhattacharjee, Mr. Saurabh Pet. No. 63 of 2026; Ivn. Pet. No. Bhargavan, Mr. Spandan Biswal, 64 of 2026; Ivn. Pet. No. 65 of Ms. Sugandh Virmani, Ms. Salonee 2026; Ivn. Pet. No. 66 of 2026; Ivn. Sirohi, Mr. Nikhil, Mr. Shivendra Pet. No. 67 of 2026 and Pandey, Advs.

Respondent No. 76 For Applicants in C.A. No. 223 of : Mr. Sudhir Makkar, Senior Advocate 2023; C.A. No. 228 of 2023 (for a/w Mr. Vineet Wadhwa and Ms.

Respondent Nos. 3, 8 and 11) Somya Gupta, Advs.

For Applicant in C.A. No. 231 of : Mr. Rishav Banerjee, Adv. a/w Mr. 2023; C.A. No. 228 of 2023 (for Anurag Yadav, Mr. Aalok Jain, Advs.

Respondent No. 34)

For Applicant in C.A. No. 08 of : Mr. Pervinder, Advocate

2024/Respondent No. 44 For Applicant in C.A. No. 62 of : Mr. Vineet Wadhwa, Advocate

2024 (Respondent No. 30)

For Respondent Nos. 2 to 5 and : Mr. Shaurya Mittal, Advocate Respondent Nos. 7, 9, 10, 13 to

15, 17 to 25, 28, 29, 31 & 33 For Applicants in C.A. No. 261 of : Mr. K. Avinash, Advocate

2023 For Applicants in C.A. No. 315 of : Mr. Arun Saxena, Advocate along 2023/Respondent No. 54 with Mr. Rahul Kumar and Mr. Amit Verma, Advs.

For the Union of India through : Mr. Aditya Sikka, Adv

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