Pending Section 230 Companies Act Scheme Doesn’t Bar CIRP Admission: NCLAT

Grand Developers Pvt. Ltd. Vs Nitin Batra & Ors. (NCLAT Delhi)

The case of Grand Developers Pvt. Ltd. vs. Nitin Batra & Ors. before the National Company Law Appellate Tribunal (NCLAT), Delhi, is a significant legal battle in the realm of corporate insolvency. The appeal, filed by Grand Developers Pvt. Ltd., challenges the rejection of their intervention petition by the National Company Law Tribunal (NCLT), Court VI, New Delhi.

Background of the Case

On October 12, 2021, a company petition (CP IB-682/PB/2021) was filed by the homebuyers of the

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