$~2, 3, 6 to 18.

* IN THE HIGH COURT OF DELHI AT NEW DELHI

+ W.P.(C) 5918/2020
YOGESH MEHRA ..... Petitioner
versus
UNION OF INDIA & ORS. ..... Respondents

+ W.P.(C) 5942/2020
AJAY MEHRA ..... Petitioner
versus
UNION OF INDIA & ORS. ..... Respondents

+ W.P.(C) 4849/2020
LALIT KUMAR JAIN ..... Petitioner
versus
UNION OF INDIA
MINISTRY OF LAW AND JUSTICE & ORS. ..... Respondents

+ W.P.(C) 5881/2020
BALA CHHABRA & ORS. ..... Petitioners
versus
UNION OF INDIA & ORS. ..... Respondents

+ W.P.(C) 6209/2020
RM GARG ..... Petitioner
versus
UNION OF INDIA & ORS. ..... Respondents

+ W.P.(C) 6745/2020
SANJAY SINGHAL ..... Petitioner
versus
UNION OF INDIA & ORS. ..... Respondents

+ W.P.(C) 6746/2020
AARTI SINGAL, ..... Petitioner
versus
UNION OF INDIA & ORS. ..... Respondents

Signature Not Verified

Digitally Signed
By:BHUPINDER SINGH
ROHELLA
Signing Date:13.10.2020 15:35
 + W.P.(C) 7010/2020
BHAVNA LATHER ..... Petitioner
versus
INTEC CAPITAL LTD & ORS. ..... Respondents

+ W.P.(C) 7011/2020
JOGINDER SINGH LATHER ..... Petitioner
versus
INTEC CAPITAL LTD & ORS. ..... Respondents

+ W.P.(C) 7012/2020
BIMLA LATHER ..... Petitioner
versus
INTEC CAPITAL LTD & ORS. ..... Respondents

+ W.P.(C) 7018/2020
CHITRESH LATHER ..... Petitioner
versus
INTEC CAPITAL LTD & ORS. ..... Respondents

+ W.P.(C) 7189/2020
ANIL NANDA ..... Petitioner
versus
UNION OF INDIA AND ORS & ORS. ..... Respondents

+ W.P.(C) 5712/2020
ANIL DHIRAJLAL AMBANI ..... Petitioner
versus
STATE BANK OF INDIA & ORS. ..... Respondents

+ W.P.(C) 5912/2020
ATUL PUNJ ..... Petitioner
versus
UNION OF INDIA & ORS. ..... Respondents

+ W.P.(C) 6169/2020
ATUL PUNJ ..... Petitioner
versus

Signature Not Verified

Digitally Signed
By:BHUPINDER SINGH
ROHELLA
Signing Date:13.10.2020 15:35
 UNION OF INDIA & ORS. ..... Respondents
Through:

Counsels for the petitioners

Ms. Maneesha Dhir & Ms. Varsha Banerjee, Advocates for the petitioners in
W.P.(C.) No. 5918/2020 & 5942/2020.

Mr. Rohit Sharma, Mr. Pranav Bhaskar, Mr. Rounak Nayak & Mr.Atul
Agarwal, Advocates for petitioner in W.P.(C.) No. 4849/2020.

Mr. Uttam Datt, Mr. Rajiv Singh, Ms. Sonakshi Singh & Mr. Rishiraj
Sharma, Advocates for petitioners in W.P.(C.) No. 5881/2020.

Mr. Manish Paliwal, Mr. Vikas Kumar, Mr. Raghav Tiwari & Mr.Mayank
Grover, Advocates for petitioner in W.P.(C.) No. 6209/2020.

Mr. Mahesh Agarwal, Mr. Rishi Agrawala, Ms. Niyati Kohli & Mr. Ankit
Banati, Advocates for petitioner in W.P.(C.) No.6745/2020.

Mr. Harish Malhotra, Senior Advocate with Mr. Mahesh Agarwal, Mr. Rishi
Agrawala, Ms. Niyati Kohli & Mr. Ankit Banati, Advocates for petitioner in
W.P.(C.) No.6746/2020.

Mr. Sumesh Dhawan, Ms. Vatsala Kak & Ms. Jasvin Dhama, Advocates for
petitioners in W.P.(C.)Nos.7010/2020, 7011/2020, 7012/2020 & 7018/2020.

Mr. Arjun Syal & Mr. Shreyan Das, Advocates for petitioner in W.P.(C.)
Nos.7189/2020.

Mr. Harish Salve & Mr. J.J. Bhat, Senior
Agarwal, Mr. Rishi Agrawal, Ms. Shally
Mr.Ankit Banati, Mr.Ashish Deshmukh,
Ms.Madhavi Agarwal, Advocates for the
5712/2020.
Advocates with Mr. Mahesh
Bhasin, Mr. Prateek Gupta,
Mr. Kamaldeep Dayal &
petitioner in W.P.(C.) No.

Mr. Sandeep Sethi, Senior Advocate with Mr. Pallav Saxena & Mohammad
Nausheen Samar, Advocates for petitioner in W.P.(C.) Nos.5912/2020 &
6169/2020.

Signature Not Verified

Digitally Signed
By:BHUPINDER SINGH
ROHELLA
Signing Date:13.10.2020 15:35
 Counsels for the respondents
Ms. Madhavi Divan, ASG with Mr.Vikas Mehta & Mr. Apoorv Khator,
Advocates for respondent/ IBBI in all matters.

Mr. Amit Mahajan, CGSC and Mr. Dhruv Pande, Advocate for respondent/
MCA in W.P.(C.) Nos.5918/2020, 5942/2020 & 7189/2020.

Mr. Vikas Mahajan, CGSC and Mr.Rishesh, Advocate for respondent/ UOI
in W.P.(C.) Nos. 5942/2020 & 6209/2020.

Mr. Ranjit Kumar, Senior Advocate with Mr. Rajiv Kapur & Mr. Akshit
Kapur, Advocates for respondent/ SBI in W.P.(C.) Nos. 5918/2020.

Mr. Rajiv Kapur & Mr. Akshit Kapur, Advocates for respondent/ SBI in
W.P.(C.) Nos. 5942/2020 & 5912/2020.

Mr. Rajesh Manchanda, Advocate for NCB in W.P.(C.) No. 5942/2020.

Ms. Kavita Jha, Ms. Sandhya Iyer, Mr. Utsav Kumar, Mr Vaibhav Kulkarni,
Mr. Udit Naresh & Ms. Sweta Prabhakar, Advocates for respondent No.5 in
W.P.(C.) Nos. 5942/2020 & 5712/2020.

Mr. Jibran Tak, Mr. Aabhas Singh, Mr. Paras Tanwar & Mr. Sagar Bansal,
Advocates for respondent No.5 in W.P.(C.) Nos . 4849/2020, 7010/2020,
7011/2020, 7012/2020 & 7018/2020.

Mr. Kinshuk Chatterjee & Mr. Kushal Bansal, Advocates for respondent
No.4 in W.P.(C.) No. 6209/2020.

Mr. Ravi Prakash, CGSC with Mr. Farman Ali & Mr. Shahanullah,
Advocates for respondent No.1 in W.P.(C.) No. 6745/2020.

Mr. Asheesh Jain, CGSC with Ms. Amrit Singh, Advocate for respondents
No.1 & 2 in W.P.(C.) No.6746/2020.

Mr. Bishwajit Dubey, Ms. Srideepa Bhattacharyya, Mr. Prafful Goyal &
Ms.Ashlesha Mittal, Advocates for respondent No.4/ SBI in W.P.(C.)

Signature Not Verified

Digitally Signed
By:BHUPINDER SINGH
ROHELLA
Signing Date:13.10.2020 15:35
 Nos.6745/2020 & 6746/2020.

Mr. Vinod Diwakar, CGSC and Mr. Vishal Kumar Singh, Advocate for
respondent/ UOI in W.P.(C.) No. 7010/2020.

Mr. Aman Singh Bhakshi, Advocate for Mr. Gaurang Kanth, CGSC for
respondent/ UOI, in W.P.(C.) No. 7011/2020.

Mr. Vivek Goyal, CGSC and Mr.Amit Gupta, Advocate for respondent/
UOI in W.P.(C.) No. 7012/2020.

Ms. Bharathi Raju, CGSC and Mr.Jitendra Kumar Tripathi, Advocate for
respondents No.2 & 3/ UOI in W.P.(C.) No. 7018/2020.

Mr. Anirudh Wadhwa, Mr. Keshav Gulati, Mr. Kartikeya Asthana &
Mr.Sriram Venkatvardhan, Advocates for respondent No.2 in W.P.(C.) No.
7189/2020.

Mr. Neeraj K. Kaul, Senior Advocate with Mr. Nirav Shah, Mr. Deepak
Joshi, Mr. Ryan Dsouza & Mr.Manhar Singh Saini, Advocates for
respondent No.1/ SBI in W.P.(C.) No. 5712/2020.

Ms. Kavita Jha, Ms. Sandhya Iyer & Mr. Utsav Kumar, Advocates for
respondent No.5 in W.P.(C.) No. 5712/2020.

Mr. Vinam Gautam, Advocate for respondent No.3 in W.P.(C.) No.

5912/2020.

Mr. Sanjay Gupta, Mr. Ajay Monga, Mr. Ateev Mathur & Mr. Amol
Sharma, Advocates for RBL Bank in C.M. No.25079/2020 in W.P.(C.) No.
6169/2020.

CORAM:
HON'BLE MR. JUSTICE VIPIN SANGHI
HON'BLE MR. JUSTICE RAJNISH BHATNAGAR

ORDER
% 12.10.2020

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Digitally Signed
By:BHUPINDER SINGH
ROHELLA
Signing Date:13.10.2020 15:35
 C.M. Nos. 23912-23913/2020, 23915-23916/2020, 23918-23919/2020,
23933-23934/2020
1. Exemptions allowed, subject to all just exceptions.

2. The applications stand disposed of.

C.M. Nos. 25692/2020, 25685/2020, 23911/2020, 24778/2020, 23914/2020,

24766/2020, 23917/2020, 24768/2020, 23932/2020, 24767/2020,
23898/2020, 25080/2020, 21385/2020, 25079/2020 22094/2020 &
25079/2020
3. Issue notice in these applications returnable on the next date. Replies
be filed before the next date.

W.P.(C) 5918/2020 and CM Nos. 21401/2020; W.P.(C) 5942/2020;

W.P.(C) 4849/2020 and CM No. 17492/2020; W.P.(C) 5881/2020 and
CM No. 21259/2020; W.P.(C) 6209/2020 and CM No. 22244/2020;
W.P.(C) 6745/2020 and CM No. 23432/2020; W.P.(C) 6746/2020 and
CM APPL. 23436/2020; W.P.(C) 7010/2020; W.P.(C) 7011/2020;
W.P.(C) 7012/2020; W.P.(C) 7018/2020; W.P.(C) 7189/2020 and CM No.
24307/2020; W.P.(C) 5712/2020 and CM No. 20648/2020; W.P.(C)
5912/2020; and W.P.(C) 6169/2020

4. The issues raised in all these petitions are similar. We find that in
some of these petitions (being W.P.(C.) Nos. 7010/2020, 7011/2020,
7012/2020 & 7018/2020), notices have not been issued. Accordingly, we
direct issuance of notice to the respondents in the said petitions. Learned
counsels appearing for their respective respondent accept notice.

5. Issue notice to the unserved respondents in the aforesaid petitions

through e-mail returnable on the next date. Counter-affidavits be filed
before the next date.

6. Since the issues involved in these petitions are legal, we direct that all

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Digitally Signed
By:BHUPINDER SINGH
ROHELLA
Signing Date:13.10.2020 15:35
 these petitions be listed for hearing on 10.11.2020. We make it clear that
hearing in these petitions shall proceed whether, or not, counsels complete
the pleadings, since the issues raised are legal.

7. We permit the petitioners to jointly file a single written-submission –

not exceeding five pages, of the submissions that they would like to advance
at the hearing of these petitions. Learned counsels representing all the
petitioners shall coordinate amongst themselves to prepare the said written-
submission. Similarly, all the respondents may also file a common written-
submission after consultation and cooperation amongst themselves.

8. Mr. Neeraj K. Kaul, Senior. Advocate – who appears for the

respondent/ SBI in W.P.(C.) No.5712/2020, has brought to our attention
Section 96 of the Insolvency and Bankruptcy Code, 2016 (IBC), which
provides for an interim moratorium when an application is filed under
Section 94, or Section 95 of IBC. Clause (a) of Section 96(1) provides that
an interim moratorium shall commence on the date of the application, in
relation to all debts and shall cease to have effect on the date of admission of
such application. Clause (b) thereof provides that during the interim
moratorium period, any legal action or proceedings pending in respect of
any debt shall be deemed to have been stayed and the creditors of the debtor
shall not initiate any legal action or proceedings in respect of any debt.
Section 96 (1) of IBC reads as follows:

“96. (1) When an application is filed under section 94 or

section 95—
(a) an interim-moratorium shall commence on the date of the
application in relation to all the debts and shall cease to have
effect on the date of admission of such application; and

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Digitally Signed
By:BHUPINDER SINGH
ROHELLA
Signing Date:13.10.2020 15:35
 (b) during the interim-moratorium period—
(i) any legal action or proceeding pending in respect of
any debt shall be deemed to have been stayed; and
(ii) the creditors of the debtor shall not initiate any legal
action or proceedings in respect of any debt.”
9. It goes without saying that the said provision shall continue to have
effect in all cases wherever an application under Section 94 or 95 has been
filed.

10. Since we are ceased of the legal issues involved in these petitions, and
we have passed interim orders in at least two of them – being W.P.(C.)
Nos.4849/2020 & 5712/2020, we hope and expect the Tribunal and the IRP
to abide by the said orders and act in terms thereof, in all these cases.

11. Interim orders to continue.

12. We further direct that all the petitioners shall stand restrained, in
respect of their assets in terms of the restraint order passed in W.P.(C.)
No.5712/2020. We direct the parties to exchange the pleadings/ documents
placed on record within three days of the request made by the opposing
counsel.

VIPIN SANGHI, J

RAJNISH BHATNAGAR, J
OCTOBER 12, 2020
B.S. Rohella

Signature Not Verified

Digitally Signed
By:BHUPINDER SINGH
ROHELLA
Signing Date:13.10.2020 15:35