Case Details

Case Name: M/S Sadhana City Homes Private Limited V/S M/S Vayu Putra Constructions Private Limited

Court/Authority: National Company Law Tribunal Allahabad Bench Prayagraj

Case Number: CP (IB) No. 66/ALD/2023

Interlocutory Applications: IA No.751/2025, IA No.756/2025, IA No.757/2025 & IA No.333/2026

Date of Order: 22nd May, 2026

Under Section: 7 IBC (In CIRP)

Coram: Shri Praveen Gupta, Hon'ble Member (Judicial) and Shri Ashish Verma, Hon'ble Member (Technical)

Parties Involved

Petitioner/Applicant: Resolution Professional (RP) represented by Ms. Kanika Singhal & Ms. Deepshikha, Advocates

Respondent/Non-Applicant: Ex-management of the Corporate Debtor (Sadhana City Homes Private Limited)

Corporate Debtor: Sadhana City Homes Private Limited

Financial Creditor: Vayu Putra Constructions Private Limited

Issues / Allegations / Violations

The applications pertain to the Corporate Insolvency Resolution Process (CIRP) of Sadhana City Homes Private Limited. The primary issue is the non-cooperation of the ex-management with the Resolution Professional, specifically regarding the provision of requisite information and documents for the purpose of collating information about the assets of the Corporate Debtor.

Findings & Observations

The tribunal observed that IA No.751/2025, filed U/s 19(2) of the Code, was not showing up on the DMS (Document Management System) except for the vakalatnama, as noted in the order dated 04.02.2026. This deficiency led to the filing of a new application, IA No.333/2026.

The CIRP in the matter was initiated by an order of admission dated 04.12.2024.

Penalties / Settlements / Directions

  • IA No.751/2025: Disposed of as having become redundant/infructuous.
  • IA No.333/2026: Notice issued to the non-applicant/respondents/ex-management. They are directed to file a response within ten days after receipt of notice and to serve an advance copy to the other side. The ex-management is specifically directed to cooperate with the RP and provide all requisite information/documents for asset collation.
  • IA No.756/2025 & IA No.757/2025: Adjourned to 5th June 2026. The RP is directed to remain present on the next date of hearing to apprise the Adjudicating Authority about the progress made in the CIRP.

Final Ruling & Enforcement

The matter is listed for next hearing on 5th June 2026 for:

1. Hearing on IA No.333/2026 (Section 19(2) application)

2. Hearing on IA No.756/2025 (confirmation of IRP as RP)

3. Hearing on IA No.757/2025 (extension in completion of CIRP)

4. Progress report on the CIRP from the Resolution Professional