Page 153 - IBC Orders us 7-CA Mukesh Mohan

Order Passed Under Sec 7
Hon’ble NCLT Principal Bench

IN THE NATIONAL COMPANY LAW TRIBUNAL
PRINCIPAL BENCH

C.P. (I.B.) No. 159/7/NCLT/PB/2017

Decided On: 22.09.2017

Applicant: Gudearth Homes Infracon Private Limited
VS
Respondent: Veebro Techoplast Private Limited

Judges/Coram:
Hon'ble Sh. M.M. Kumar Member (J)

Counsels:
For Appellant/Petitioner/Plaintiff: Ms. Anju Jain, Mr. Hitesh Sachar, Ms. Meghna Nagpal, Advocates,
Mr. Anshul Chhabra, Practing Company Secretary, Mr. Sumnish Kumar Jain, Insolvency Professional

ORDER

Hon'ble Sh. M.M. Kumar Member (J)

The Gudearth Homes Infracon Private Limited and three others (for brevity 'Financial Creditors')

have filed the instant application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (for
brevity 'the Code') with a prayer for initiation of Insolvency Resolution Process in the matter of Vccbro

Technopla.st Private Limited (for brevity 'the Corporate Debtor'). It is appropriate to mention that
Financial Creditor No. 1-M/s. Gudeai-th Homes Infracon Private Limited is a family-owned company
incorporated by Financial Creditor No. 2-Mr. Anuj Guliani 8z, husband of Financial Creditor No. 4-Mr.

Anil Kumar Guliani. The Financial Creditor No. 1 is a Company incorporated under the provisions of the
Companies Act, 1956. Its IN number is U15400DL2012PTC240539 and it has its registered office

situated at house No. 5, Road No. 8, Punjabi Bah Extension, New Delhi-11002b.

2. The Corporate Debtor-respondent is a private limited Company and its authorized share capital is

2,00,000/-. The paid up share capital of the Corporate Debtor is 1,00,000/ -. It has two Directors namely
Mr. Atul Sharma and Mr. Nipun Sharma. Its CIN number is U51495DL2004PTC126798 and it has its
registered offic . sit uated at A-1/15, Sector-7, Rohini, New Delhi-110085.

3. The case of the Financial Creditors is that Directors of Corporate Debtor were introduced to them
through common friends namely Mr. Vinay Lakra and Mr. Kewal Kishan Gupta in the year 2013. At that

time, Corporate Debtor needed financial assistance for a. short period therefore, Corporate Debtor

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