SH. ALOK KUMAR MISHRA & ORS. vs M/S VIGNESHWARA DEVELOPWELL PVT. LTD. & ORS.

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment Reserved on: 02.09.2025 Date of Decision: 12.09.2025 + CO.PET. 740/2014, CO.APPL. 381/2017, CO.APPL. 1239/2017, CO.APPL. 1317/2017, CO.APPL. 1447/2017, CO.APPL. 1522/2017, CO.APPL. 511/2018 SH. ALOK KUMAR MISHRA & ORS. .....Petitioners Through: versus M/S VIGNESHWARA DEVELOPWELL PVT. LTD. & ORS. .....Respondents Through: + CO.PET. 442/2015 & CO.APPL. 504/2018 SURESH DEVI .....Petitioner Through: versus VIGNESHWARA DEVELOPWELL PVT. LTD. & ORS. .....Respondents Through: Mr. Sumit K. Batra, SC for OL. Mr. Dhruv Wadhwa, Adv. for Applicant in CA. 714/2022 & 948/2024. CORAM: HON'BLE MS. JUSTICE TARA VITASTA GANJU JUDGMENT TARA VITASTA GANJU, J.: 1. The present Company Petitions has been filed under Sections 433(e), 434 and 439 of the Companies Act, 1956, [hereinafter referred to as “1956 Act”] seeking the winding up of the Respondent Company – Vigneshwara Signature Not Verified Digitally Signed By:RAHUL Signing Date:13.09.2025 CO.PET. 740/2014 & connected Page 1 of 4 16:14:09 Developwell Pvt. Ltd., on the grounds of its inability to pay its debts to the Petitioner(s). 2. The matter has been pending adjudication before this Court. Pursuant thereto, an Application has filed in Company Petition No. 885/2015 seeking transfer of the matter to the National Company Law Tribunal [hereinafter referred to “NCLT”], Delhi Bench. 3. By a Judgment dated 12.09.2025 passed in Company Petition No. 885/2015. Company Petition No. 885/2015 has been transferred to the NCLT. 4. Section 434(1)(c) of the Companies Act, 2013 [hereinafter referred to as the “2013 Act”] provides that all proceedings under the 1956 Act shall stand transferred to the NCLT. The first proviso to this Section sets out that only proceedings relating to winding up of the