PARSVNATH DEVELOPERS LIMITED vs UNION OF INDIA & ANR.

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 22.09.2025 Judgment pronounced on: 23.09.2025 CM(M) 1867/2025 & CM APPL. 60039/2025 PARSVNATH DEVELOPERS LIMITED .....Petitioner Through: Mr. Tanmay Mehta, Mr. Manoranjan Sharma, Mr. Arpit Dwivedi and Ms. Sakshi Kapoor, Advocates versus UNION OF INDIA & ANR. .....Respondents Through: Mr. Rajiv Nayar, Senior Advocate with Mrs. Meghna Mishra, Mr. Karan Luthra, Mr. Siddharth Joshi, Ms. Ujjwala Gupta and Mr. Shubham Madan, Advocates CORAM: HON'BLE MR. JUSTICE GIRISH KATHPALIA JUDGMENT 1. Petitioner, being the Corporate Debtor has assailed order dated 20.08.2025 of the learned National Company Law Tribunal, New Delhi Bench, (NCLT) whereby application filed by the Financial Creditor (respondent no.2 herein) under Section 7 of the Insolvency and Bankruptcy Code (“the Code”) for revival of the Company Petition was allowed. On service of advance notice, learned Senior Counsel for the Financial Creditor appeared to oppose the petition. At request of both sides, in the interest of CM(M) 1867/2025 pages 2.5.4.20=8401dd889b27a77b2f65ffffe4afec45569af3962c6fb4835d435f97626 cacca, ou=HIGH COURT OF DELHI,CID - 7047638, postalCode