TECHNOPAK ADVISORS PVT. LTD. vs NABARD CONSULTANCY SERVICES PRIVATE LIMITED & ANR.

Judgment text excerpt

$~17 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 13070/2023 Date of Decision: 06.05.2026 IN THE MATTER OF: TECHNOPAK ADVISORS PVT. LTD. .....Petitioner Through: Mr. Sumit K Batra, Mr. Manish Khurana, Ms. Priyanka Jindal, Mr. Parth Sharma, Advocates. versus NABARD CONSULTANCY SERVICES PRIVATE LIMITED & ANR. .....Respondents Through: Mr. Sandeep Kumar Mahapatra, CGSC with Ms. Mrinmayee Sahu, Mr. Tribhuvan, Mr. Abhimanyu and Ms. Anushka Sarraf, Advocates for R-1. Ms. Shiva Lakshmi (SPC) with Mr. Pravar Dennison and Ms. Urvi Tripathi, Advocates for UOI. CORAM: HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV JUDGEMENT PURUSHAINDRA KUMAR KAURAV, J. (ORAL) 1. The instant petition is for the following reliefs: “(a) Issue an appropriate writ/order or direction to the Respondents set aside/ quash the proceedings for recovery of Rs.2,46,78,328/- initiated by the Respondents vide their impugned letters dated 04.08.2023 and 03.08.2023 respectively, against the Petitioner company as the same concerns the time period prior to approval of the Resolution Plan by the National Company Law Tribunal under the provisions of the Insolvency and Bankruptcy Code, 2016; (b) Issue an appropriate writ/order or direction to Respondent No.l & 2 to Signature Not Verified Signature Not Verified Signed By:AMIT KUMAR Signed SHARMA Signing Date:19.05.2026 By:PURUSHAINDRA 20:17:28 W.P.(C) 13070/2023 Page 1 of 7 KUMAR KAURAV not to initiate any kind of proceedings for the time period prior to approval of Resolution Plan by the NCLT on 08.02.2021; (c) Pass any such appropriate order(s) as this Hon’ble Court may deem fit in the facts and circumstances of the present case.” 2. As per the case set up by the petitioner, in the year 2010, the petitioner-company was sanctioned projects under the Swanajayanti