ANUPINDER SINGH GREWAL, J. (ORAL)

The petitioner has challenged the interim orders dated 14.05.2025 (Annexure P-7) passed in complaint No.(Suo-Motu) 896 of 2022, 28.05.2025 (Annexure P-8) in complaint No.(Suo-Motu) 1961 of 2022 and 26.03.2025 (Annexure P-11 and P-12) in complaint No.(Suo-Motu) 1997 of 2022 and 1979 of 2022, by the Haryana Real Estate Regulatory Authority, Panchkula (hereinafter referred to as ‘HRERA’) whereby the petitioner has been directed to deposit a penalty of Rs.8 lacs before the next date of hearing.

2. Learned counsel for the petitioner submits that the National Company Law Tribunal, New Delhi (hereinafter referred to as ‘NCLT’) by its orders dated 25.02.2025 (Annexure P-1) had admitted the application under SWARNJIT SINGH Section 7 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as ‘IBC’) seeking initiation of CIRP proceedings against the petitioner-company and one Navneet Kumar Gupta had been appointed as the Resolution Professional. The moratorium under Section 14 of the IBC had come into effect from the date the said order was passed, and therefore, initially it