Allowed

In the matter of Dewan Housing Finance Corporation Limited Ia No. 338-2021 & Ia No. 3128-2022 in CP(IB)4258-MB-C-II-2019

NCLT9 Feb 2023

Case brief

AI extract

What is this about?

The Tribunal allowed an application seeking amendment of the memorandum of parties in IA 338/2021. The Applicant requested substitution of its name as Administrator. Citing a similar deal in IA 2852/2021, the Court disposed of the present application positively.

What did the court decide?

Allowed amendment of IA 338/2021 substituting Applicant as Administrator and approved consequential amendments.

In the matter of Dewan Housing Finance Corporation… — Insolvency and Bankruptcy | NCLT (2023)

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IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH, COURT II

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IA.No.3128/2022 IN IA 338/2021 IN CP(IB)4258/MB/C-II/2019

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Under Rule 11 of the National Company Law Tribunal Rules, 2016

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Application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016

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…. Applicant

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In the matter of

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Piramal Capital & Housing Finance Limited (Formerly known as Dewan Housing Finance Corporation Limited 601, 6^th Floor, Piramal Amiti Bldg, Piramal Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West Mumbai MH 400070

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… Applicant

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V/s

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Kapil Wadhawan & Ors.

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i) 23, Sea View Palace Pali Hill, Bandra (West) Mumbai- 400050.

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ii) 13^th , 14^th . 15^th and 16^th Floor, DB Breeze, Khar (West), Mumbai- 400 052.

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Presently in judicial custody Taloja Central Jail, Inampuri, Taloja, Navi Mumbai, Maharashtra- 410208

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… Respondents

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NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH, COURT II IA.No.3128/2022 In IA.No.338/2021 In CP(IB)4258/MB/C-II/2019

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In the matter of Administrator of Dewan Housing Finance Corporation Limited

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…. Applicant

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V/s Kapil Wadhawan & Ors.

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…… Respondents In the matter Between Reserve Bank of India

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… Financial Sector Regulator V/s

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Dewan Housing Finance Corporation Limited … Corporate Debtor/ Financial Service Provider

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Order delivered on: 09.02.2023

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Coram:

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Hon’ble Member (Judicial) : Justice P. N. Deshmukh (Retd.) Hon’ble Member (Technical) : Mr. Shyam Babu Gautam

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Appearances:

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For the Applicant : Ms. Chitra Rentala, Advocate For the Respondent : Sr. Counsel, Mr. JP Sen a/w Mr. Vishesh Malviya

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Page 2 of 3

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NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH, COURT II IA.No.3128/2022 In IA.No.338/2021 In CP(IB)4258/MB/C-II/2019

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ORDER

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Per: CORAM

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The present Application IA 3128 of 2022 has been filed by the Applicant seeking amendment of the memorandum of parties in the IA 338 of 2021 and all necessary consequential amendments to the IA 338 of 2021.

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The Applicant has also prayed to substitute its name “Piramal Capital & Housing Finance Limited” to be substituted in place of the erstwhile Administrator, Mr. Subramaniakumar.

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The similar issue has been dealt in the IA 2852 of 2021. In view of the same, the present Application IA 3128 of 2022 is allowed and disposed of.

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Sd/-

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Sd/-

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SHYAM BABU GAUTAM JUSTICE P.N. DESHMUKH MEMBER (TECHNICAL) MEMBER (JUDICIAL)

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Page 3 of 3

In the matter of Dewan Housing Finance Corporation Limited Ia No. 338-2021 & Ia No. 3128-2022 in CP(IB)4258-MB-C-II-2019

Case brief

What is this about?

What did the court decide?

In the matter of Dewan Housing Finance Corporation Limited Ia No. 338-2021 & Ia No. 3128-2022 in CP(IB)4258-MB-C-II-2019

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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