INNOVENTIVE INDUSTRIES LTD. vs GOVT. OF NCT OF DELHI & ORS.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on: 10th March, 2025 Pronounced on: 27th June, 2025 + CRL.M.C. 3501/2018, CRL.M.A. 12712/2018 (stay), CRL.M.A. 5811/2019 (condonation of delay), CRL.M.A. 42392/2019 (condonation of delay) INNOVENTIVE INDUSTRIES LTD. (Formerly known as Arihant Domestic Appliances Limited), A public company registered under the Companies Act, 1956, and having its registered office at: Gate No. 56/4/5, Pimple Jagtap, Taluka-Shirur, Pune-412 208, Maharashtra, Acting through its Liquidator, Mr. Dhinal Shan .....Petitioner Through: Mr. Mehul Parti and Ms. Harshita Malik, Advocates. versus 1. GOVT. OF NCT OF DELHI Through its Standing Counsel Room No. 437, Lawyers‟ Chamber, Block-I, High Court of Delhi-110003 .....Respondent No.1 2. IFCI FACTORS LIMITED Having its registered office at: IFCI Tower, 10th Floor, 61, Nehru Place, New Delhi-110019 ...Respondent No.2 3. MR. CHANDU LAXMAN CHAVAN Flat No. 18 & 20 C-Wing, Ambience Emp., Behind Express Garden, Ghorpadi, Pune-411001, Mahrarashtra Also at: B-5, Laxmi Niwas, Opposite Kalyani Steels, Mundhwa, Signature Not Verified Signed By:RITA CRL.M.C. 3501/2018, CRL.M.C. 4379/2024, CRL.M.C. 4381/2024 Page 1 of 22 SHARMA Signing Date:02.07.2025 15:15:29 Pune-411036, Maharashtra ...Respondent No.3 4. MR. RAVINDRA WAMAN KATRE Disha A 14 129 130 131, Kothrud, Pune-411029, Maharashtra Also at: SN-23/3+4, J-9, Phase-1, Pinnac Memories, Kothrud, Pune-411029, Maharashtra ..Respondent No.4 5. MR. SANJAY WAGHULADE Plot No. 464, S.No. 26A, Pradhikaran, Nigadi, Pune-411044, Maharashtra ....Respondent No. 5 Through: Ms. Meenakshi Dahiya, APP for the State. Mr. Sharique Hussain, Advocate for R2. Mr. Shikhil Suri, Senior Advocate with Mr. Saurabh Jha, Ms. Madhu Suri, Ms. Ishita Ahuja and Mr. Vibhor Choudhary, Advoca