Hng Industries Thozilalr Nala Sangam Through Mr K Murugan Hon President v. Insolvency And Bankruptcy Board Of India & ORS.

$~10 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 18232/2025 HNG INDUSTRIES THOZILALR NALA SANGAM THROUGH MR K MURUGAN HON PRESIDENT .....Petitioner Through:

Mr. Nalin Kohli (Sr. Adv) along with Mr. Akshay Chandra, Mr. Yadunath Bhargavan, Mr. Ayushmaan Arora, Ms. Vipasana Bubna, Mr. Anubhav Upadhyay, Advs.

versus INSOLVENCY AND BANKRUPTCY BOARD OF INDIA & ORS. .....Respondent Through:

Mr. Apoorv.K., Adv. for IBBI Mr. Sandeep Sethi (Sr. Adv), Mr.

Raghenth Basant (Sr. Adv) along with Ms. Sonali Jain, Mr. Mudit Gupta, Ms. Kaushitaki Sharma, Advs. for R2 and R3 Mr. Rohan Jaitley (CGSC), Mr.

Akshay Sharma (GP) along with Mr.

Dev Pratap Shahi, Mr. Varun, Advs.

Mr. Vinay Kumar Garg (Sr. Adv) along with Mr. Nikunj Arora, Adv.

for Intervenor Mr. Abhimanyu Bhandari (Sr. Adv) along with Mr. Utsav Trivedi, Ms.

Manini Roy, Ms. Nandini Acharya, Ms. Sanjana Rai, Advs.

Mr. Nilnivesh Dube, Mr. Debdeep Banerjee, Advs. for R4 Mr. Siddhant Kant, Ms. Moulshree Shukla, Mr. Prithviraj Oberoi, Advs.

for R8

CORAM:

HON'BLE MR. JUSTICE SACHIN DATTA % 06.12.2025

O R D E R

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CM APPL. 75341/2025 (Exemption) 1.

Allowed, subject to all just exceptions.

2.

The application stands disposed of.

W.P.(C) 18232/2025 3.

After some hearing, learned senior counsel for the petitioner seeks to withdraw the present petition with liberty to approach the National Company Law Appellate Tribunal (NCLAT) in the first instance, seeking the necessary relief/s.

4.

Accordingly, the petition is dismissed as withdrawn with liberty as prayed for.

5.

It is made clear, that this order shall not be construed as an expression of opinion of this Court on the merits of the controversy sought to be raised in the present petition.

SACHIN DATTA, J DECEMBER 6, 2025/uk The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 10/12/2025 at 13:07:17