Authority: National Company Law Tribunal (NCLT), New Delhi Bench (Court – II)
Order Date: 12 June 2026
Case Overview
This order pertains to an Interlocutory Application (IA-2688/ND/2026) filed in the matter of J.C. Flowers Asset Reconstruction Pvt. Ltd (Applicant/Petitioner) versus Imagine Habitat Private Limited (Respondent) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application sought the clubbing of the Corporate Insolvency Resolution Process (CIRP) for multiple entities within the Imagine group. The bench was composed of Hon'ble Member (Judicial) Sh. Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Sh. Atul Chaturvedi. The hearing was conducted through a hybrid mode (VC and Physical).
Final Outcome
The application IA-2688/ND/2026 was disposed of. The tribunal ordered the clubbing of the CIRP for the following six companies: (i) Imagine Home Private Limited, (ii) Bliss Abode Private Limited, (iii) Bliss House Private Limited, (iv) Imagine Estate Private Limited, (v) Imagine Residence Private Limited, and (vi) Imagine Habitat Private Limited. This decision was made in terms of a previous order dated 11 June 2026, which was passed in IA-2651/ND/2026 in CP (IB)- 32/ND/2026.
Topics: Insolvency, Real Estate, NCLT