IN THE NATIONAL COMPANY LAW TRIBUNAL: NEW DELHI

COURT-III
ITEM No. 307
NEW IA-1663/2025, IA-6070/2024, IA-143/2025, IA-148/2025, IA -
5523/2024, IA-4612/2024, IA-364/2025, IA-1361/2025, IA-1330/2025,
IA-1263/2025, IA-443/2025, IA-4251/2024 , IA-4114/2024, IA-
4057/2024, IA-569/2025, IA-166/2025, Resolution Plan-64/2024
In
IB-495(ND)/2023
IN THE MATTER OF:
Catalyst Trusteeship Ltd. …. Petitioner/Applicant
Vs.
BCC Infrastructures Pvt Ltd. …. Respondent

Order under Section 7 of the Insolvency and Bankruptcy Code, 2016.

Order delivered on 23.04.2025

CORAM:
SHRI BACHU VENKAT BALARAM DAS
HON’BLE MEMBER (JUDICIAL)

DR. SANJEEV RANJAN

HON’BLE MEMBER (TECHNICAL)

HYBRID HEARING (PHYSICAL & VC)

PRESENT:
For Applicant : Mr. Robin George, Mr. Yash Srivastava, Mr. Kaushik
Mishra, Mr. Shlok Chandra, Mr. Sankalp Sharma, Mr.
Dipak Kumar Jena, Mr. Raj Shekhar Jena, Mr.
Girijapati Kaushal, Mr. Sushil Kumar Dubey, Mr. Shlok
Chandra, Mr. Sankalp Sharma, Mr. Abu John Mathew,
Ms. Shubham Mahajan, Advs.
For Respondent : Mr. Mrinal Harsh Vardhan, Ms. Rituparna Patra, Ms. A.
Sinha, Mr. R.K. Dey, Mrs. Ananya Mukherjee, Mr. Vikas
Kumar, Mr. Ajit Pandey, Mr. Iswar Mohapatra, Advs.
For the RP : Mr. Harish Taneja (RP), Ms. Riya Kaur Adv.
For HDFC Bank : Ms. Payal Kakra Adv.
For the I.T.D. : Mr. Debesh Panda, SSC, Ms. Zehra Khan, Mr.
Vikramaditya Singh, JSCs, Ms. Maanvi Jain, Adv.
For GDA : Mr. Rachit Mittal, Mr. Kanishk Raj, Mr. Adarsh
Srivastava, Advs.
ORDER
NEW IA-1663/2025
This application has been filed seeking the following prayers:
(a) Direct Respondent No. 3 to verify and admit the claims
filed by the Applicant; and
(b) Pass such order(s) as this Hon'ble Tribunal may deem fit
and proper.
 Issue notice to the Respondent No. 2/Resolution Professional.

Mr. Harish Taneja, the Resolution Professional appears in

person and accepts notice. One week time granted to file the reply
affidavit to the Resolution Professional.

A copy of the reply affidavit shall be served on Mr. Harish

Taneja, the RP during the course of the day.

List the matter on 09.05.2025.

IA-6070/2024
This application has been filed seeking the following prayers:

i. Allow the present application;

ii. Condone the delay in filing the Claim Form CA dated
04.10.2024 filed by the Applicant with the Respondent
No.1 (Resolution Professional) vide even dated email;
iii. Pass a direction directing the Respondent No.1 (Resolution
Professional) to admit the claim of the Applicant of Rs.
28,06,818/- filed with him vide Claim Form CA dated
04.10.2024 and thereafter deal with the same in terms of
Para No. 27 of the Order dated 01.06.2022 passed by the
Hon'ble NCLAT in Puneet Kaur Vs. KV Developers Pvt. Ltd.,
[Company Appeal (AT) (Insolvency) No. 390/2022];
iv. Pass such other and further orders as this Hon'ble
Tribunal may deem fit and proper in the interest of justice
and in the facts and circumstances of the present case.
Ld. Counsel for the Applicant submitted that the claim of the
Applicant is born out of the records of the Corporate Debtor. In this
regard, the Ld. counsel referred to the statement of the demand of
the Corporate Debtor which shows the amount dues to the present
Applicant. Ld. Counsel appearing for the Applicant further
submitted that the present case is squirrely covered by the
judgment of the Hon'ble NCLAT in the case of the "Puneet Kaur Vs.
KV Developers Pvt. Ltd.".
 Mr. Harish Taneja, the Resolution Professional appearing in
person has submitted that there is no dispute with respect to the
records of the Corporate Debtor in as much as details of the
Applicant are clearly born out of the records of the Corporate
Debtor. He further submitted that in case the delay is condoned by
this Adjudicating Authority, the Resolution Professional will
consider the claim of the Applicant in accordance with the
treatment provided in the resolution plan and the law laid down in
the judgment passed by the Hon'ble NCLAT in the case of "Puneet
Kaur Vs. KV Developers Pvt. Ltd.

Having regard to the submissions made by the Resolution

Professional and in order to meet the ends of justice, we condone
the delay in filing the claim of the Applicant and direct the
Resolution Professional to consider the claim of the Applicant in
accordance with the treatment given in the resolution plan and the
law laid down in the judgment passed by the Hon'ble NCLAT in the
case of "Puneet Kaur Vs. KV Developers Pvt. Ltd.

IA-6070/2024 disposed of.

IA-143/2025, IA-148/2025, IA-364/2025

Mr. Harish Taneja, the Resolution Professional appearing in
person seeks some time to verify the records.

List IA-143/2025, IA-148/2025 and IA-364/2025 on

09.05.2025.

IA-5523/2024
We have heard the submissions of Ld. Counsel appearing on
behalf of the Applicant as well as Mr. Harish Taneja, the Resolution
Professional appearing in person.
 The Applicant is at liberty to file written submissions within
seven days.

Order reserved.
IA-4612/2024
This application has been filed seeking the following prayers:-

i) Direct the Resolution Professional to treat all the

buyers of Flats in the Bharat City Phase-2 as
Financial Creditors and to give them due
representation in the Committee of Creditors;
ii) Direct the Resolution Professional to grant a fresh
opportunity to all the Home Buyers to file their
claim;
iii) Direct the Resolution Professional to restrain from
taking unilateral decisions without even consulting
the Home Buyers/Registered Society (present
applicants);
iv) Direct the Resolution Professional to consider the
claim of the Applicant Society on the basis of the
pleadings before the Hon'ble NCDRC in the
Consumer Complaint No. 495/2023;
v) Direct the Resolution Professional to take steps for
completion of the ongoing work on. amenities for
the residents of Bharat City Phase-2 as well as
basic minimum facilities essential for 800
inhabitant families including essential electrical
infrastructure (Panel & Transformer), Covered &
Open Parking, Boundary Wall, Sewage Treatment
Plant etc;
vi) Direct the Resolution Professional to take steps for
completion of the construction of H4 tower where
only finishing work remains;
vii) Direct the Resolution Professional to take steps for
completion of construction of rest of the unfinished
towers of Bharat City Phase-2;
viii) Pass any such order or further orders as this
Hon'ble Adjudicating Authority may deem fit and
proper in the facts and circumstances of the
present case.
 We have heard the submissions of Ld. Counsel appearing on
behalf of the Applicant as well as Mr. Harish Taneja, the Resolution
Professional appearing in person.

Order reserved.
IA-1361/2025, IA-1330/2025, IA-1263/2025
Mr. Harish Taneja, the Resolution Professional appearing in
person seeks time to file reply affidavit. One week time granted.

List the matter on 09.05.2025.

IA-443/2025
This application has been filed seeking a direction to the
Respondent-HDFC Bank to change the authorized signatory and
add the beneficiary details of the Applicant i.e. the Resolution
Professional in the bank records.

Ms. Payal Kakra, Ld. Counsel appearing on behalf of the

HDFC Bank fairly submits that the bank has no objections to the
prayers made by the Applicant and the bank is willing to change
the name of the authorized signatory, if a direction is given.

In view of the statement made by the Ld. Counsel appearing

on behalf of the HDFC Bank, we grant liberty to the Resolution
Professional to approach the bank for necessary changes in
accordance with the provisions of the Insolvency and Bankruptcy
Code, 2016.

IA-443/2025 disposed of with the above directions.

IA-4251/2024
Ld. Counsel appearing on behalf of the Respondent Nos. 1, 2
and 25 undertakes to bring the reply affidavit on record within
three days. Time granted.

List the matter on 09.05.2025.

IA-4114/2024
Ld. Counsel appearing on behalf of the Respondent Nos. 1 and
2 undertakes to bring the reply affidavit on record within three
days. Time granted.

List the matter on 09.05.2025.

IA-4057/2024
Reply filed by Respondent Nos. 1 and 2 is on record.

No one has appeared on behalf of Respondent Nos. 4, 5, 6, 8

and 9 and no reply has been filed.

We therefore, direct the Applicant to serve fresh notice on

Respondent Nos. 4, 5, 6, 8 and 9 and file proof and affidavit of
service within a week.

List the matter on 09.05.2025.

IA-569/2025
We have heard the submissions of Ld. Counsel appearing on
behalf of the Applicant as well as Mr. Harish Taneja, the Resolution
Professional appearing in person.

Order reserved.
IA-166/2025
Pleadings are complete.

List the matter for arguments on 09.05.2025.

Resolution Plan-64/2024
Mr. Rachit Mittal, Ld. Counsel appearing on behalf of the
Respondent No. 2, the Ghaziabad Development Authority submits
that he has filed an objection to the resolution plan and has also
received a reply from Respondent No. 1- the SRA and seeks liberty
to file a response to the reply filed by the Respondent No. 1. Liberty
granted to file an affidavit in response.
 Ld. Counsel appearing on behalf of Respondent Nos. 3, 4 and
5 seeks time to file objections. One week time granted as a last and
final opportunity.

The Resolution Professional is at liberty to file rejoinder

affidavit to the objections filed by the Respondents.

List the matter on 09.05.2025.

-Sd- -Sd-
(DR. SANJEEV RANJAN) (BACHU VENKAT BALARAM DAS)
MEMBER (TECHNICAL) MEMBER (JUDICIAL)
ANAND DUBEY