Since the common and akin issues are involved in

these matters, they are taken up together and disposed

of by this common judgment.

2.

These matters are taken up for final disposal

with the consent of the learned Senior counsel

appearing for both the parties.

3.

W.A.No.3833/2019 is filed by the appellant –

M/s. Urban Infrastructure Trustees Ltd., challenging

the order dated 25.09.2019 passed by the learned

Single Judge in W.P.No.41710/2019.

- 4 -

4.

W.P.No.3415/2020 has been filed by the

petitioner – M/s. Ozone Propex Private Ltd., challenging

the order dated 03.02.2020 passed by the National

Company Law Appellate Tribunal in Company Appeal

(AT) (Insolvency) No.204/2020 (Annexure – A) and the

order

dated

07.02.2020

passed

by

the

CP(IB)

No.111/BB/2019 on the file of the National Company

Law Tribunal, Bengaluru (Annexure – B).

Facts of the case:

W.A.No.3833/2019:

5.

The

appellant

-

Urban

Infrastructure

Trustees Ltd., has instituted Corporate Insolvency

Resolution Process (CIRP) proceeding under Section 7 of

the Insolvency and Bankruptcy Code, 2016 (‘IB Code’

for short) in C.P. (IB) No.111/BB/2019 (Petition) before

the National Company Law Tribunal, Bengaluru, (NCLT)

on 18.01.2019 ag