Gurdev Singh Sehra and 2 Others v. Parthesh K. L. Developers and Another
Case brief
What is this about?
Stay of execution refused for want of statutory moratorium: IA 3648/2025 dismissed — no pending NCLT proceeding under S. 95 IBC; no interim statutory moratorium available under S. 96(1)(a) IBC; NCLT case status shown only as "under refiling", no application filed; earlier application rejected for non-removal of defects (undisputed); Respondents' statement of 07-07-2025 continued for four weeks. IA 3092/2025 disposed after Judgment Debtors' partners filed disclosures; execution to proceed in accordance with law. Court: High Court of Judicature at Bombay (OOCJ); Coram: Abhay Ahuja, J.; Decision date: 18-04-2026; Case: IA 3092/2025 and IA 3648/2025 in COMEX 60/2025; Parties: Gurdev Singh Sehra and Ors. (Judgment Creditor/Applicants) v. Parthesh K. L. Developers and Anr. (Respondents/Judgment Debtors); Statutes: Insolvency and Bankruptcy Code, 2016, Sections 95 and 96(1)(a).
What did the court decide?
Interim Application No. 3648 of 2025 dismissed (with the Respondents' statement of 7th July 2025 ordered to continue for a period of four weeks); Interim Application No. 3092 of 2025 disposed of; execution directed to proceed in accordance with law.