| 10-Feb-2023 |
SINE DIE |
The brief background of the case is
as under:
1.
The Union Bank of India had preferred a Company Petition CP(IB) bearing
NO. 204/(ND) 2021 before NCLT under Section 7 of Insolvency and Bankruptcy Code
2016 against M/s Supertech Ltd. for non-payment of outstanding debt. The NCLT
was pleased to admit the insolvency petition by its order dated 25.03.2022.
Vide this order the NCLT inter alia initiated CIRP against the corporate
debtor, and appointed, Hitesh Goel as the Interim Resolution Professional for
the corporate debtor and declared moratorium as per Section 14 of the IBC.
2.
Mr. R.K. Arora, the suspended director of the corporate debtor filed an
appeal bearing company appeal (AT) (Ins) no. 406 of 2022 on 07.04.2022 before
NCLAT against the order dated 25.03.2022. The appeal was subsequently heard on
multiple dates and NCLAT had continued the stay on constitution of the CoC till
10.06.2022. The NCLAT vide order dated 10.06.2022 modified the CoC stay order
to the extent that the IRP may constitute the CoC only in relation to the
project Eco-Village – II of the corporate debtor.
3. An application
dated 26.07.2022 from Mr. Hitesh Goel IRP was received stating therein that
though all the projects of the corporate debtor apart from ECO village - II
would be kept as ongoing project, but the construction of the other projects
would continue with overall supervision of IRP with the assistance of
ex-management, its employees, and workmen. So, the imposition of moratorium
under section 14 of IBC would continue and proceedings of all the cases listed
before the authority be adjourned sine die.
4. Vide order dated 12.09.2022, the NCLAT has
clarified that “the CIRP order has not been stayed. The Moratorium is
continuing” and also vide order dated 14.10.2022, NCLAT made it clear that
verification of the claim has to be with regard to all projects and is not only
confined to Eco-village -II.
The counsel for the respondent has produced a copy of order dated
31.01.2023 passed by NCLAT, Principal Bench, New Delhi passed in Company Appeal
(AT) (Ins.) No.406 of 2022 and I.A. No.2246, 2646 and 2663 of 2022 in case
titled as Ram Kishor Arora Suspended Director of Supertech Ltd. vs. Union of
India and another which is re-produced as under:-
Learned
counsel for the parties have placed before us the order passed by the Hon’ble
Supreme Court dated 27.01.2023 which is to the following effect:-
“taking note
of the submissions sought to be made in these matters, we are clearly of the view that as at
present, the offers said to have been made by the prospective resolution
applicants may be evaluated and may be placed for consideration before the
NCLAT but beyond that process, we would request the NCLAT to keep the
proceedings in abeyance and await further order of this Court.
List these
maters on 16.02.2023”.
In view of the aforesaid order of the Hon’ble
Supreme Court, the appeal is adjourned to await further orders of Hon’ble
Supreme Court.
As per proceedings dated 12.08.2022 opinion of A. G. Haryana was sought, who has
clearly opined vide his letter dated 28.11.2022
to adjourn sine die the matter.
The IRP is directed to submit the status of case
pending before the NCLAT within a week to this authority.
In view of the above directions passed in order dated
31.01.2023, the matter is adjourned sine
die. File be consigned to the registry. |
SANJEEV KUMAR ARORA |
View Order |
03-Mar-2023 |
| 30-Sep-2022 |
PENDING |
Vide orders dated 25.03.2022, NCLT New Delhi initiated CIRP
against the respondent i.e., M/s Supertech Limited and appointed Mr. Hitesh
Goel as IRP for the corporate debtor and declared moratorium as per section 14
of IBC. It led to filing an appeal in NCLAT against that order by Mr. R.K.
Arora, one of the suspended Director. That order was stayed by NCLAT and
constitution of CoC was stayed and observed that IRP may constituted the CoC
only in relation to project ECO village-Il of the corporate debtor and that
appeal is pending for 12.08.2022.
Further an application dated 26.07.2022 from Mr. Hitesh Goel IRP
has been received stating therein that though all the projects of the corporate
debtor apart from ECO village - II would be kept as ongoing project, but the
construction of the other projects would continue with overall supervision of
IRP with the assistance of ex-management, its employees and workmen. So, the
imposition of moratorium under section 14 of IBC would continue and proceedings
of all the cases listed before the authority be adjourned sine die. But plea
raised in this regard is devoid of merit. While passing order dated 25.03.2022
though NCLT initiated CIRP against the corporate debtor, but that order was
stayed and modified vide orders dated 26.07.2022 by NCLAT by observing that the
construction of all other projects shall continue with over all supervision of
IRP with the assistance of its ex-management, its employees and workmen. Though
clarification w.r.t this order is pending for 28.09.2022 before NCLAT but IRP
would be treated as a promoter for all intents and purposes except for ECO
village-Il against whom CIRP has been initiated and is pending.
The authority has already requested to the Additional AG Haryana
to examine whether as per reading of order dated 25.03.2022 and order
dated 10.06.2022, moratorium in terms of Section 14 of the IBC is declared only
against ECO village-Il project or in respect of all other projects of the
corporate debtor i.e., M/s Supertech Limited. The requisite advice is still
awaited. The counsel for the respondent had produced a copy of order passed by
Hon’ble NCDRC wherein various complaints were listed and NCDRC after perusal of
the order passed by NCLAT has deferred the matter for awaiting clarification
from NCLAT regarding applicability of moratorium on project of M/s Supertech
other than ECO village – 2. The counsel has further submitted that IRP has also
moved an application before NCLAT for clarification and the case is fixed for
28.09.2022.
The counsel for the respondent has produced a copy of orders
dated 26.08.2022 in case titled as EA/141/2021 and other bunch matters were
heard in NCDRC vide which the NCDRC has deferred the matter till 13.12.2022
keeping in view the NCLAT orders dated 25.03.2022.
Now
vide order dated 12.09.2022, the NCLAT has clarified that “the CIRP order
has not been stayed. The Moratorium is continuing.
The complainant has moved an application
stating therein that letters from M/s Supertech in Hues project has been received and demanded
the amount otherwise they threaten to cancel the unit and forfeit the amount
which he has already paid since 2014. He
has also placed a copy of email dated 22.09.2022 sent by M/s Supertech
to clear the outstanding dues by 05.10.2022 on failure they shall be
compelled to cancel the unit. The counsel for the complainant has requested
that M/s Supertech cannot demand the outstanding amount in case the moratorium
is continuing and IRP has been appointed.
It is directed that IRP shall be
present on the next date of hearing to explain the detailed status of the
moratorium imposed upon M/s Supertech Ltd. and to explain whether M/s Supertech
Ltd. can demand the outstanding amount in case
moratorium is continuing on whole of the company. Further the authority
shall also explore for engaging the services of an expert in NCLT matters to
protect the rights and interest of allottees.
Matter to come up on 10.02.2023 for further proceedings. |
K K KHANDELWAL VIJAY KUMAR GOYAL |
View Order |
27-Oct-2022 |
| 31-Aug-2022 |
PENDING |
Vide orders dated
25.03.2022, NCLT New Delhi initiated CIRP against the respondent i.e., M/s
Supertech Limited and appointed Mr. Hitesh Goel as IRP for the corporate debtor
and declared moratorium as per section 14 of IBC. It
led to filing an appeal in
NCLAT against that order by Mr. R.K. Arora, one of the
suspended Director. That
order was stayed by NCLAT and constitution of CoC
was stayed and observed
that IRP may constituted the CoC only in relation to project ECO village-Il of
the corporate debtor and that appeal is pending for 12.08.2022.
Further an application
dated 26.07.2022 from Mr. Hitesh Goel IRP has been received stating therein
that though all the projects of the corporate debtor apart from ECO village -
II would be kept as ongoing project, but the construction of the other projects
would continue with overall supervision of IRP with the assistance of
ex-management, its employees and workmen. So, the imposition of moratorium
under section 14 of IBC would continue and proceedings of all the cases listed
before the authority be adjourned sine die.
But plea raised in this
regard is devoid of merit. While passing order dated 25.03.2022 though NCLT
initiated CIRP against the corporate debtor, but that order was stayed and
modified vide orders dated 26.07.2022 by NCLAT by observing that the construction
of all other projects shall continue with over all supervision of IRP with the
assistance of its ex-management, its employees and workmen. Though
clarification w.r.t this order is pending for 29.08.2022 before NCLAT but IRP
would be treated as a promoter for all intents and purposes except for ECO
village-Il against whom CIRP has been initiated and is pending.
The authority has already requested to the Additional AG
Haryana to examine whether as per reading of order dated 25.03.2022 and order
dated 10.06.2022, moratorium in terms of Section 14 of the IBC is declared only
against ECO village-Il project or in respect of all other projects of the
corporate debtor i.e., M/s Supertech Limited. The requisite advice is still
awaited. The counsel for the respondent had produced a copy of order passed by
Hon’ble NCDRC wherein various complaints were listed and NCDRC after perusal of
the order passed by NCLAT has deferred the matter for awaiting clarification
from NCLAT regarding applicability of moratorium on project of M/s Supertech
other than ECO village – 2. The counsel has further submitted that IRP has also
moved an application before NCLAT for clarification and the case is fixed for 12.09.2022.
The counsel for the
respondent has produced a copy of orders dated 26.08.2022 in case titled as
EA/141/2021 filed in NCDRC vide which the NCDRC has deferred the matter till 13.12.2022
keeping in view the NCLAT orders dated 25.03.2022.
Matter to come up on 30.09.2022
for further proceedings.
|
K K KHANDELWAL VIJAY KUMAR GOYAL |
View Order |
21-Sep-2022 |
| 09-Aug-2022 |
PENDING |
Vide orders dated 25.03.2022, NCLT New Delhi initiated CIRP against the
respondent i.e. M/s Supertech Limited and appointed Mr. Hitesh Goel as IRP for
the corporate debtor and declared moratorium
as per section 14 of IBC. It led to filing an appeal in NCLAT against that order
by Mr. R.K. Arora, one of the suspended Director. That order was stayed by NCLAT and
constitution of CoC was stayed and observed that IRP may constituted the CoC
only in relation to project ECO
village-II of the corporate debtor and that appeal is pending for 12.08.2022.
Now an application
dated 26.07.2022 from Mr. Hitesh Goel IRP has been received stating therein
that though all the projects of the corporate debtor apart from ECO village –
II would be kept as on-going project, but the construction of the other
projects would continue with overall supervision of IRP with the assistance of
ex-management, its employees and workmen.
So the imposition of moratorium
under section 14 of IBC would continue and proceedings of all the
cases listed before the authority be
adjourned sine die. But plea raised in this regard is devoid of merit. While
passing order dated 25.03.2022 though NCLT
initiated CIRP against the corporate debtor but that order was stayed
and modified vide orders dated 26.07.2022 by NCLAT by observing that the
construction of all other projects shall continue with over all supervision of
IRP with the assistance of its ex-management, its employees and workmen. Though
clarification w.r.t this order is pending for 12.08.2022 before NCLAT but IRP would be treated as a promoter
for all intents and purposes except for ECO village-II against whom CIRP has
been initiated and is pending.
The authority
hereby directs the Additional AG Haryana to examine whether reading of order
dated 25.03.2022 and order dated 10.06.2022
moratorium in terms of Section 14 of the IBC is declared only against
ECO village-II project or in respect of all other projects of the corporate
debtor i.e. M/s Supertech Limited. Meanwhile,
the authority may fix up matter the date subsequent to the date fixed in
this matter pending before NCLAT on 12.08.2022.
Matter to come up
on 31.08.2022 for further proceedings. |
K K KHANDELWAL VIJAY KUMAR GOYAL |
View Order |
09-Sep-2022 |
| 30-Mar-2022 |
PENDING |
In view of judgment dated 11.11.2021 in title- M/s Newtech Promoters and Developers Pvt Ltd. Vs State of UP & Ors. Etc. passed by the Apex Court, this forum has no jurisdiction to adjudicate the complaint in hands.File be transferred to the Authority. Reader is directed to send the file immediately. |
RAJINDER KUMAR |
--- |
--- |
| 12-Jan-2022 |
PENDING |
None for complainant. Issue notice for
next date.
To come on 30.03.2022 for further proceedings/arguments. |
RAJINDER KUMAR |
View Order |
28-Jan-2022 |
| 08-Nov-2021 |
PENDING |
Adjudicating Officer
is on leave, matter is adjourned to 12.01.2022. |
RAJINDER KUMAR |
View Order |
09-Nov-2021 |
| 03-Aug-2021 |
PENDING |
None for the complainant.
2. It is pointed out by
the learned counsel for the respondent that the complainant has filed another
complaint on the same cause of action
and that matter is listed for hearing on 08.11.2021.
2. Be put up on the same date i.e. 08.11.2021. |
RAJINDER KUMAR |
View Order |
06-Aug-2021 |
| 20-Apr-2021 |
FIRST HEARING |
Due to spread of Covid-19 cases in and around
area of the Hon’ble Authority, the cases fixed for today are not being taken up
for hearing. Hence, as per the directions for the Hon’ble Authority, the case
adjourned to 03.08.2021.
2. However, it is directed that the
respondent has already been served through e-mail and delivery of documents is
also confirmed from the tracking report. So, it is directed to file written
statement with a copy to the other side 4 weeks prior to the date fixed with a
copy to the other side and the matter be put up on the date fixed mentioned
above for arguments. |
SUBHASH CHAND GOYAL |
View Order |
22-Apr-2021 |