NCLAT sets aside NCLT order admitting CIRP against Earth Towne Infrastructure Private Limited (ETIPL) due to conflict with Supreme Court-restored resolution plan for Earth Infrastructures Limited (EIL).
Supreme Court had lifted corporate veil on 05.05.2026, declaring ETIPL a 'front' and restoring Roma's resolution plan for Earth Towne project with implementation starting 01.06.2026.
Parallel CIRP against land-owning ETIPL would render EIL's approved resolution plan impossible to implement, affecting 1,878 homebuyers and violating Supreme Court directives.
NCLAT finds no subsisting default by ETIPL as claims were resolved under EIL's restored plan, directing parties to appear before NCLT on 15.10.2026 for further action.