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IA No. 278/JPR/2019,

IA No. 279/JPR/2021,

IA No. 404/JPR/2022 &

CP No. (IB)- 102/7/JPR/2019

IN THE NATIONAL COMPANY LAW TRIBUNAL

JAIPUR BENCH

Coram: SHRI DEEP CHANDRA JOSHI,

HON’BLE JUDICIAL MEMBER

SHRI PRASANTA KUMAR MOHANTY,

HON’BLE TECHNICAL MEMBER

IA No. 278/JPR/2019,

IA No. 279/JPR/2021,

IA No. 404/JPR/2022 &

CP No. (IB)- 102/7/JPR/2019

(Application Under Section 7 read with 60(5) of the Insolvency and Bankruptcy

Code, 2016 & Rule 11 of the NCLT Rules, 2016)

IN THE MATTER OF:

ANIL KUMAR SHARMA & ANR.

…… FINANCIAL CREDITORS

VERSUS

RIDHIRAJ BUILDERS AND PROMOTERS LLP

……CORPORATE DEBTOR

MEMO OF PARTIES

Anil Kumar Sharma

S/o Late Shri M. L. Sharma

R/o SB-17, Bhawani Singh Road,

Bapu Nagar, Jaipur- 302015 (Rajasthan)

………Applicant No. 1/ Financial Creditor

Ultramed Private Limited

CIN: U51507RJ1986PTC003816

R/o SB-17, Bhawani Singh Road,

Bapu Nagar, Jaipur- 302015 (Rajasthan)

……… Applicant No. 2/ Financial Creditor

VERSUS

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IA No. 278/JPR/2019,

IA No. 279/JPR/2021,

IA No. 404/JPR/2022 &

CP No. (IB)- 102/7/JPR/2019

Ridhiraj Builders and Promoters LLP

LLPIN: AAB-7510

Registered office at : 166, First Floor,

SLC Tower, Amrapali Marg, Vaishali

Nagar, Jaipur- 302021 (Rajasthan)

……...Respondent / Corporate Debtor

IA No. 278/JPR/2019; IA No. 279/JPR/2021 & IA No. 404/JPR/2022:

Ridhiraj Builders and Promoters LLP

LLPIN: AAB-7510

Registered office at : 166, First Floor,

SLC Tower, Amrapali Marg, Vaishali

Nagar, Jaipur- 302021 (Rajasthan)

………Applicant

VERSUS

Anil Kumar Sharma

S/o Late Shri M. L. Sharma

R/o SB-17, Bhawani Singh Road,

Bapu Nagar, Jaipur- 302015 (Rajasthan)

………Non-Applicant No. 1

Ultramed Private Limited

CIN: U51507RJ1986PTC003816

R/o SB-17, Bhawani Singh Road,

Bapu Nagar, Jaipur- 302015 (Rajasthan)

………Non-Applicant No. 2

For the Financial Creditor

:

Sandeep Taneja, Adv.

Karan Pratap Singh, Adv.

For the Corporate Debtor

:

Shivangshu Naval, Adv.

Sakshi Yadav, Adv.

Order Pronounced On:16.11.2022

ORDER

Per: Shri Deep Chandra Joshi, Judicial Member

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IA No. 278/JPR/2019,

IA No. 279/JPR/2021,

IA No. 404/JPR/2022 &

CP No. (IB)- 102/7/JPR/2019

1.

This application has been filed jointly by Mr. Anil Kumar Sharma

(‘Applicant No. 1’) and M/s Ultramed Private Limited (‘Applicant No. 2’)

against M/s Ridhiraj Builders and Promoters LLP (‘Corporate Debtor’/

‘Respondent’) under Section 7 of Insolvency and Bankruptcy Code, 2016

(‘IBC’/ the ‘Code’) read with Rule 4 of the Insolvency and Bankruptcy

(Application to Adjudicating Authority) Rules, 2016 seeking initiation of

the Corporate Insolvency Resolution Process (‘CIRP’), pursuant to default

in repayment of loan amount by the Corporate Debtor to the Applicants.

2.

The Applicant No. 1 is the Managing Director of the Applicant No. 2 and

has been authorised to present this application before this Tribunal on behalf

of the Applicant No. 2 vide Board Resolution dated 08.04.2019. The

Applicant No. 2 is a company incorporated under the provisions of the

Companies Act, 2013 bearing CIN: U51507RJ1986PTC003816. The

registered office of the Applicant No. 2 is located at SB-17, Bhawani Singh

Road, Jaipur, Rajasthan- 302005.

3.

The Corporate Debtor namely M/s Ridhiraj Builders & Promoters LLP is a

Limited Liability Partnership incorporated under the Limited Liability

Partnership Act, 2008 on 06.09.2013 bearing LLP IN: AAB-7510. The

registered address of the Corporate Debtor is located at 166, First Floor, SLC

Tower, Amarpali Marg, Vaishali Nagar, Jaipur- 302021.

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IA No. 278/JPR/2019,

IA No. 279/JPR/2021,

IA No. 404/JPR/2022 &

CP No. (IB)- 102/7/JPR/2019

4.

The details of transactions leadings to the filing of this present application

averred by the Applicant are as follows:

a.

Mr. Pradeep Kumar Pandya, one of the designated partners of the

Corporate Debtor approached the Applicant No. 1 in o