Order 9

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: 91 CC NI ACT 7586/2023
PS Civil Lines
LA TROPICANA RESIDENTS ASSOCIATION REGD Vs. PARSVNATH LANDMARK
DEVELOPERS PRIVATE LIMITED
07.07.2025
Present: Sh. Rishab Jain, Ld. Counsel for complainant.
AR of the complainant is absent.
Sh. Yash Verma, Ld. Counsel for all accused alongwith accused
no. 5 (through VC).
Sh. Ankit Goyal, Ld. Counsel for all the accused alongwith AR of
accused no. 1 in person.
Accused no. 1 is a company (through Sh. Shailender Modi as AR).
Accused no. 2 to 4 are absent.
Matter is at the stage of reply and arguments on the application u/s 96
IBC, filed on behalf of accused no. 2 to 4.
Ld. Counsel for accused persons submits that he does not wish to press
the abovesaid application any further in light of latest pronouncement of Hon’ble Supreme
Court of India. Accordingly, the abovesaid application stands dismissed as withdrawn.
Perusal of record reveals that accused no. 2 to 5 have not sought bail from
the Court till date.
A common application seeking exemption of accused no. 2 to 4 has been
filed on behalf of the accused. Taken on record. Considering the submissions, exemption
from appearance is allowed for today only.
Ld. Counsel for accused persons prays that accused no. 5 be admitted to
bail in the present case. Accused no. 5 is admitted to bail on furnishing of bail bonds in
the sum of Rs. 1,00,000/- with one surety in the like amount. Some time is sought on
behalf of accused to furnish bail bonds. Same be done on NDOH.
All accused persons are directed to remain present on the NDOH.
Put up for bail of accused no. 2 to 4, furnishing of bail bonds by accused
no. 5 and framing of notice upon all accused persons on 11.11.2025.
(ARUSHI PARWAL)
JMFC (NI Act) – 05/ Central District
THC/Delhi/07.07.2025
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