IFCI Withdraws Application Against Era Housing

Case Details

Case Name: IFCI Ltd. Vs. Era Housing & Developers (India) Ltd

Court/Authority: National Company Law Tribunal, New Delhi Principal Bench

Case Number: IB)-489(PB)/2017

Order Number: New IA-2203/2026

Date of Order: 20.05.2026

Parties Involved

Petitioner: IFCI Ltd.

Respondent: Era Housing & Developers (India) Ltd

Legal Representatives for Applicant: Mr. K. K Mishra, Ms. Tanvi Jain, Mr. Shashank Arora, Mr. Parth Chhabra

Bench: Justice Anupinder Singh Grewal (Hon'ble President), Shri Ravindra Chaturvedi (Hon'ble Member - Technical)

Issues / Allegations / Violations

The document does not specify the nature of the original petition under Section 7 of the IBC, 2016, or the specific allegations against the respondent. The current order deals solely with a procedural application for withdrawal of a previous interim application.

Findings & Observations

The Tribunal noted that the learned counsel for the applicant sought permission to withdraw IA-10/2026.

Final Ruling & Enforcement

The Tribunal allowed the application (IA-2203/2026) seeking withdrawal of IA-10/2026. Consequently, IA-10/2026 was dismissed as withdrawn. The order was signed by both members of the bench.

Hearing Details

The hearing was conducted in hybrid mode (physical and video conference).