Case name: Miscellaneous Application No. 1390/2026 in MA 239/2024 in W.P. (Crl.) No. 242/2019
Parties: LOULEEN KAUR BHALLA & ANR (Petitioner) vs THE STATE OF DELHI & ANR (Respondent)
Court: Supreme Court of India
Judges: Hon'ble Mr. Justice Sanjay Karol, Hon'ble Mr. Justice Nongmeikapam Kotiswar Singh
Order date: 26-05-2026
Relevant statutory provision: Section 7 of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioners: LOULEEN KAUR BHALLA & ANR
Respondents: State of Delhi & ANR
Insolvency Resolution Professional (IRP): represented by senior counsel Mr. Vipin Sanghi
Counsel for petitioner: Mr. B. Shravanth Shanker and other listed advocates
Registrar‑court master: Rajni Mukhi, Anu Bhalla
Issues / Allegations / Violations
Requirement to produce all documents related to the affairs of the corporate debtors BIIPL and GVCTPL before the NCLT can pass an order under Section 7 IBC.
Petitioner's claim that none of his family members were directors of BIIPL and GVCTPL, seeking clarification via affidavit.
Findings & Observations
The Court accepted the IRP’s list of required documents as necessary for the NCLT’s insolvency resolution process.
No finding on directors’ involvement; the Court directed the petitioner to file an affidavit.
Penalties / Settlements / Directions
Direction to the original writ petitioner (or associated persons) to hand over the listed documents before NCLT order.
Direction to petitioner to file an affidavit stating that no family members were directors of the companies.
Corrective Actions & Future Obligations
Submission of complete secretarial records, allottee files, financial statements, building plans, license agreements, service contracts, asset lists, pending litigation details, and communications with UPSIDA.
Affidavit filing by petitioner on directors’ status.
Final Ruling & Enforcement
Order issued on 26-05-2026, with a further list dated 14-07-2026, to be complied with by the parties.
Enforcement to be monitored by the Court and Registrar.
