NCLT Dismisses Eight Vigneshwara Developers Winding-Up Petitions

Case Details

• Authority: National Company Law Tribunal (NCLT), Principal Bench, New Delhi
• Case Numbers: TP (Co. Act) – 25(PB)/2025, 27(PB)/2025, 28(PB)/2025, 29(PB)/2025, 30(PB)/2025, 31(PB)/2025, 32(PB)/2025, 33(PB)/2025 (Old CP Nos. 760/2014, 740/2014, 793/2014, 128/2016, 534/2015, 379/2015, 176/2016, 388/2014)
• Order Date: 21 May 2026
• Legal Framework: Order under Section 433(e)/433(f) of the Companies Act, 1956 read with section 7 of the Insolvency and Bankruptcy Code, 2016, and Rule 4 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

Parties Involved

• Petitioners: Bharat Singh; Alok Kumar Mishra and Others; Rajwati and Others; Ram Rai and Others; Dharamvati; Ranjit Kapoor and Others; Vishal G. Verma; Naresh Chand Gupta and Another.
• Common Respondent: M/s Vigneshwara Developers Private Limited (the Corporate Debtor).
• Legal Representatives: Advocates appeared for the Petitioners, an Intervener, and the Official Liquidator.
• Adjudicating Authority: Justice (Retd.) Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical).

Issues / Allegations / Violations

The petitions were originally filed before the Hon'ble Delhi High Court, seeking the winding up of the Respondent Company, M/s Vigneshwara Developers Private Limited. The nature of the underlying dispute that led to the winding-up petitions is not detailed in the provided text.

Findings & Observations

The Adjudicating Authority (AA) noted that the petitions had been transferred from the Delhi High Court to the NCLT vide an order dated 24.09.2025 for the commencement of a Corporate Insolvency Resolution Process (CIRP) for the common respondent company.

The AA observed that the Respondent Company had already been admitted into CIRP by the NCLT vide an order dated 10.10.2019 in CP(IB)-1076/2019. Although that petition was closed on 09.07.2025, it was revived by the AA in a separate application (IA-4999/2025) on the same day as this order, 21.05.2026.

The key finding is that since the CIRP of M/s Vigneshwara Developers Private Limited stands revived, all eight of the transferred winding-up petitions have become infructuous (moot).

Penalties / Settlements / Directions

No penalties or settlements were imposed in this specific order.

The AA issued a direction that the petitioners in the instant winding-up petitions may file their claims before the Interim Resolution Professional (IRP) appointed for M/s Vigneshwara Developers Private Limited, as per the order dated 21.05.2026 that revived the CIRP.

Final Ruling & Enforcement

The final ruling of the NCLT is to dismiss all eight petitions (TP (Co. Act) – 25(PB)/2025, 27(PB)/2025, 28(PB)/2025, 29(PB)/2025, 31(PB)/2025, 32(PB)/2025, 33(PB)/2025, and 30(PB)/2025) as infructuous. The matter of the company's resolution is now entirely under the revived CIRP process.