Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: 08.06.2026
Case Overview
The proceedings involve an insolvency petition filed by M/s. Pashupati Facility and Management Service Pvt Ltd. (Financial Creditor/Applicant) against M/s. Ojaan Realty Private Limited (Corporate Debtor/Respondent). The case was registered as IB/177/ND/2025 and was heard under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor failed to file a reply to the application. Consequently, vide an order dated 31.07.2025, its right to file a reply was closed by the tribunal. The matter was heard in a hybrid mode (physical and video conference). The applicant, represented by Advocate Ms. Kanika Singhal, filed written submissions, which were taken on record by the bench.
Final Outcome
The bench, comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi, reserved its order in the matter. The admission of the petition initiates the Corporate Insolvency Resolution Process (CIRP) against Ojaan Realty Private Limited.
Topics: Insolvency, Real Estate, NCLT