ERA INFRA ENGINEERING LIMITED vs NATIONAL ASSET RECONSTRUCTION COMPANY LIMITED & ORS.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 01st AUGUST, 2025 IN THE MATTER OF: + W.P.(C) 3228/2025, CM APPL. 15199/2025, CM APPL. 15201/2025, CM APPL. 15496/2025, CM APPL. 21214/2025 & CM APPL. 24462/2025 ERA INFRA ENGINEERING LIMITED .....Petitioner Through: Dr. Abhishek Singhvi, Sr. Advocate, Mr. Dayan Krishnan, Sr. Advocate with Ms. Kaveri Rawal, Ms. Zinnea Mehta, Mr. Sukrit Seth and Mr. Yash Johri, Advocates. versus NATIONAL ASSET RECONSTRUCTION COMPANY LIMITED & ORS. .....Respondents Through: Mr. Arvind Nigam, Senior, Mr.Vaibhav Gaggar, Sr. Advocate with Ms. Smriti Churiwal, Mr. Jaiveer Kant, Ms. Ambikka Singh, Advocates for R-1. Ms. Arundhati Katju, Sr. Advocate with Ms. Tanushvi, Ms. Swati Kwatra, Mr. Anshuman Jindal, Advocates for R-2. Mr. Ashish Verma, Mr. Saksham Thareja, Mr. Kartikay Bhargava, Advocates for R-3 with RP Mr. Sandeep Goel. Mr. Siddharth Yadav, Sr. Advocate with Mr. Manav Goyal, Advocate for R-4 & 5. Mr. Krishnan Venugopal, Sr. Advocate with Mr. Manav Goal, Advocate. Signature Not Verified Digitally Signed By:RAHUL SINGH W.P.(C) 3228/2025 Page 1 of 27 Signing Date:07.08.2025 19:02:02 CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT SUBRAMONIUM PRASAD, J 1. The present writ petition has been filed by the Petitioner seeking a relief in the nature of writ of mandamus against the Respondent No. 1, thereby restricting it to take any illegal actions and initiate parallel recovery proceedings against its subsidiaries before different forums, which will defeat the purpose of Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “IBC”). 2. The facts leading to the filing of the present writ petition are as follows – a. The Petitioner is a company incorporated on 03.12.1990 u