Authority: National Company Law Tribunal (NCLT), Principal Bench, New Delhi
Coram: Justice Anupinder Singh Grewal (President) and Shri Ravindra Chaturvedi (Member - Technical)
Order Date: The order was reserved on the date of the hearing, as noted in the document.
Case Overview
The proceedings pertain to Item No. 119 (IB) - 572(PB)/2019, an application filed by Dinesh Khetan (Petitioner) against Bigmoon Buildcon Pvt. Ltd. (Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition seeks the initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, Bigmoon Buildcon Pvt. Ltd. The hearing was conducted in a hybrid mode (physical and video conference).
Representation during the hearing was as follows:
- For the Petitioner: Mr. Rishi Kapoor, Advocate along with Mr. Shashank Agarwal and Mr. Surya Pratap Sirohi, Advocate.
- For the SRA (Presumably the Successful Resolution Applicant): Mr. Pankaj Agarwal, Advocate along with Mr. Shashwat Srivastava and Ms. Mrigangi Parul, Advocate (appearing in connected application IA-4910/2022).
- For the Income Tax Department: Mr. Ruchir Bhatia, SSC (Senior Standing Counsel) and Mr. Pratyaksh Gupta, JSC (Junior Standing Counsel) along with Mr. Himanshu Dutt, Advocate.
A separate Interlocutory Application, numbered IA-4910/2022, was also before the bench. After hearing arguments on the main application (IA-1258/2025), the bench reserved its order. The connected application (IA-4910/2022) was listed for a future hearing on 24th August 2026.
Final Outcome
The final order on the main insolvency application under Section 7 of the IBC has been reserved by the NCLT bench. The outcome of the petition—whether to admit it and initiate CIRP against Bigmoon Buildcon Pvt. Ltd. or reject it—is pending and will be pronounced at a later date. The matter IA-4910/2022 remains pending and is scheduled for hearing on 24.08.2026.
Topics: Insolvency Petition, NCLT Proceedings, Real Estate