Case Details

Case Name: M/s. Apartment Buyers Consumer Association vs. M/s. Dreamz Infra India Limited

Court/Authority: National Company Law Tribunal (NCLT), Bengaluru Bench

Case Number: C.P. (IB) No.113/BB/2022

Interlocutory Applications: I.A. (Plan) 03/2024, 543/2024 in C.P. (IB) No.113/BB/2022

Petition Filed Under: Section 7 of the Insolvency and Bankruptcy Code, 2016

Order Delivered on: 21st May 2026

Coram: Shri Sunil Kumar Aggarwal, Hon'ble Member (Judicial) and Shri Radhakrishna Sreepada, Hon'ble Member (Technical)

Parties Involved

Petitioner: M/s. Apartment Buyers Consumer Association

Respondent (Corporate Debtor): M/s. Dreamz Infra India Limited

Resolution Professional: Mrs. R. Bhuvaneshwari

Counsel for Resolution Professional: Mrs. P. Chithra Nirmala

Counsel for Intervenor in I.A.543/24: Ms. Ragini Bundela

Issues / Allegations / Violations

The matter pertains to the corporate insolvency resolution process of Dreamz Infra India Limited. A specific project, the 'Samhita Project', is under attachment by the Enforcement Directorate (ED). An application from the Resolution Professional for the release of this project is pending consideration before the concerned Special Court that is dealing with the ED matter.

Findings & Observations

The tribunal heard the learned counsel for the parties. After hearing, it passed orders on the two interlocutory applications.

Penalties / Settlements / Directions

  • I.A. No.543/2024 was dismissed via a separate order.
  • For I.A. (Plan) No.03/2024, the Learned Counsel for the Successful Resolution Applicant (SRA) was directed to file an affidavit stating two things: 1) That they are not acting as an SRA in any other cases, and 2) That they are fully aware of the 'Samhita Project' being attached by the Enforcement Directorate.
  • The Learned Counsel for the Resolution Professional was directed to file a brief note regarding the pending application for the release of the project before the Special Court handling the ED matter.

Final Ruling & Enforcement

The case was listed for further orders on 12th June 2026. The proceedings are contingent upon the compliance with the aforementioned directions and the outcome of the application pending before the Special Court concerning the ED attachment.