Authority: National Company Law Tribunal Mumbai Bench, Court IV
Order Date: 14.07.2026
Case Overview
The National Company Law Tribunal (NCLT) Mumbai Bench heard matters in case number CP/159(MB)/2021 between Moniveda Consultants LLP & Another (Applicants) versus Shajas Developers Private Limited and multiple other respondents. The proceedings were conducted under Sections 59, 241(1), 242(4), and 244(1) of the Insolvency and Bankruptcy Code (IBC). The hearing was conducted in hybrid mode with extensive legal representation from both sides, including senior advocates and multiple law firms representing various respondents.
Final Outcome
The bench, comprising Member (Technical) Shri Anil Raj Chellan and Member (Judicial) Shri K. R. Saji Kumar, adjourned the matter for further hearing of Respondent 14 and other respondents. The case was listed for priority hearing on 15.07.2026.
Topics: NCLT Proceedings, Corporate Dispute, Hearing Adjournment