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NCLAT upholds NCLT Order setting aside the CIRP of Logix Infrastructure Private Limited, being initiated fraudulentlyWe ...
10/09/2025

NCLAT upholds NCLT Order setting aside the CIRP of Logix Infrastructure Private Limited, being initiated fraudulently

We are humbled to share that our Partner, Mr. Gaurav Rana, assisted by Mr. Ajitesh Kumar, successfully represented homebuyers before the Hon’ble NCLAT, New Delhi in Company Appeal (AT) (Insolvency) No. 383 of 2025.

Our Partner has been quoted in The Times of India Article titled as "Fraudulent Misuse of Insolvency Law, NCLAT rules in Logix Case" published on 10.09.2025

“NCLAT's dismissal of the appeal marks a significant reaffirmation of Section 65 of IBC, making it clear that the Code cannot be invoked as a tool for recovery or collusive purposes. The ruling ensures malicious initiation of corporate insolvency is dealt with firmly, regardless of the stage of proceedings,” said Gaurav Rana, Partner at Indo Legal Services.

This landmark ruling, widely covered by The Times of India, Bar & Bench, and Live Law , is a strong reaffirmation that the IBC cannot be misused for ulterior motives, and that the rights of genuine creditors and homebuyers must be protected.

Link: https://lnkd.in/gJHx7T5g

It is with immense pride that Indo Legal Services LLP announces the successful launch of the book “Legal Kisse- Digest o...
05/09/2025

It is with immense pride that Indo Legal Services LLP announces the successful launch of the book “Legal Kisse- Digest on Insolvency and Bankruptcy Code, 2016”, authored by our Managing Partner, Mr. Ashutosh Gupta our Partner, Mr. Gaurav Rana, and published by Commercial Law Publishers.

The launch event, held on Friday, 29th August 2025 at the Judge’s Lounge, Delhi High Court, was a moment of celebration not just for our firm but also for the larger legal community engaged in shaping the jurisprudence under the Insolvency and Bankruptcy Code.

The evening was honoured by the presence of eminent dignitaries from the Bench and the Bar:

Chief Guest:
• Hon’ble Mr. Justice N. Kotiswar Singh, Judge, Supreme Court of India

Guests of Honour:
• Hon’ble Mr. Justice Devendra Kumar Upadhyaya, Chief Justice, Delhi High Court
• Hon’ble Mr. Justice C. Hari Shankar, Judge, Delhi High Court

Special Guests:
• Hon’ble Mr. Justice V. Kameswar Rao, Judge, Delhi High Court
• Hon’ble Mr. Justice Amit Mahajan, Judge, Delhi High Court
• Hon’ble Mr. B.V. Balaram Das, Member (Judicial), NCLT, New Delhi

Distinguished Speakers:
• Dr. U.K. Chaudhary, Senior Advocate & President, NCLT Bar Association
• Mr. N. Hari Haran, Senior Advocate & President, Delhi High Court Bar Association
• Mr. P. Nagesh, Senior Advocate & Sr. Vice President, NCLT Bar Association
• Mr. Sudarshan Rajan, Advocate-on-Record
• The Authors, Mr. Ashutosh Gupta & Mr. Gaurav Rana.

We extend our heartfelt gratitude to mentors, seniors, and colleagues—especially Ajitesh Kumar, Shivanshu Srivastava, and Kritika Mehrotra, whose contributions were invaluable in this journey.

The event also witnessed the enthusiastic participation of distinguished members from the Bar, alongside the valued presence of Bar and Bench, who covered the occasion with great insight and support.

The book is enriched with Forewords penned by Hon’ble Mr. Justice Ashok Bhushan (Retd.), Judge, Supreme Court of India and Chairperson, NCLAT, and Hon’ble Mr. Justice Ramalingam Sudhakar (Retd.), Judge, Manipur High Court and President, NCLT.

The book itself brings together carefully curated insights from landmark judgments under the Insolvency and Bankruptcy Code, captured in a manner that is engaging, concise, and relevant for professionals, students, and all who wish to keep abreast with the evolving legal landscape. Through “Legal Kisse”, we seek to contribute meaningfully to the dialogue on corporate law and dispute resolution while making complex concepts more relatable.

This occasion is a proud moment for our entire team, and we remain grateful for the constant encouragement of the legal fraternity and the collaborative efforts of all those who made this publication possible. With the support of our peers, mentors, and the publishing house, we look forward to continuing this journey of knowledge-sharing with many more milestones ahead.

Launching the Journey of Legal 'KISSE' in Print ✨📚What began as a series of weekly posts has now grown into 130 editions...
26/08/2025

Launching the Journey of Legal 'KISSE' in Print ✨📚

What began as a series of weekly posts has now grown into 130 editions – and today, Legal KISSE takes the next big leap!

We are proud to announce the launch of the book “Legal 'KISSE' – A Digest on Insolvency and Bankruptcy Code, 2016”, authored by Advocate Ashutosh Gupta and Advocate Gaurav Rana and the ILS Team.

📅 Date: 29th August 2025
🕔 Time: 05:00 PM – 06:00 PM
📍 Venue: S Block, Delhi High Court

This milestone publication carries the words of wisdom in its foreword from:
⚖️ Hon’ble Justice Ashok Bhushan
(Retd.), Judge, Supreme Court of India & Chairperson, NCLAT
⚖️ Hon’ble Justice Ramalingam Sudharkar
(Retd.), Chief Justice, Manipur High Court & President, NCLT

The event will be covered by the Bar and Bench Editorial Team. We are grateful to the Bar & Bench Editorial Team for covering this event and supporting the vision of making legal knowledge more accessible and engaging for the fraternity.

🔗 Register now through the link attached below and be part of this celebration of knowledge and law!
Link: https://lnkd.in/g3-32_n3

Freedom is not just a gift we received it’s a responsibility we uphold.  On this 79th Independence Day, we honour the vi...
15/08/2025

Freedom is not just a gift we received it’s a responsibility we uphold.

On this 79th Independence Day, we honour the vision of our Constitution, the courage of our leaders, and the collective spirit that binds us as one nation.

At Indo Legal Services, we remain committed to protecting the rights, dignity, and justice that our freedom promises.

May the tricolour remind us liberty lives only when justice stands strong. 🇮🇳

Happy Independence Day, India! Jai hind 🫡

Ashutosh Gupta and Gaurav Rana



Honouring Excellence, Commitment, and the Spirit of Teamwork at Indo Legal ServicesAt Indo Legal Services, we take great...
20/05/2025

Honouring Excellence, Commitment, and the Spirit of Teamwork at Indo Legal Services

At Indo Legal Services, we take great pride in recognizing the individuals who exemplify our core values of integrity, professionalism, and collaboration. As we reflect on the past year, it is our honour to celebrate those whose contributions have elevated the firm and inspired us all.

Mr. Gaurav Rana, Partner, completes seven illustrious years of excellence at Indo Legal Services. His strategic leadership, legal acumen, and unwavering dedication have not only shaped the firm’s identity but have also mentored and empowered the next generation of professionals. This milestone stands as a testament to his vision and commitment to excellence.

Mr. Ajitesh Kumar, has been awarded the ‘Employee of the Year – 2024-25’ for his consistent performance, exceptional diligence, and result-oriented approach. His professionalism and reliability have made him a cornerstone of our operational strength.

Ms. Kritika Mehrotra, has been recognised as the ‘Best Team Player of the Year – 2024-25’. Her collaborative spirit, supportive nature, and ability to seamlessly align with team objectives have fostered a work culture rooted in trust and unity.

Mr. Shivanshu Srivastava, is celebrated as the ‘Rising Star of the Year – 2024-25’, having displayed remarkable growth, initiative, and enthusiasm. His ability to take on new challenges with agility and insight marks the beginning of a promising legal career.

These honours reflect not only individual achievements but also the collective spirit that drives Indo Legal Services forward. We extend our heartfelt congratulations to all the awardees and look forward to even greater milestones in the times ahead.

#2025

Dream. Discuss. Deliver. Together.Annual Business Meet 2025 — one team, one goal.       #2025
09/05/2025

Dream. Discuss. Deliver. Together.
Annual Business Meet 2025 — one team, one goal.

#2025

Sneak into our recent offsite visit.We didn’t just meet. We aligned.We didn’t just plan. We envisioned.       #2025     ...
01/05/2025

Sneak into our recent offsite visit.
We didn’t just meet. We aligned.
We didn’t just plan. We envisioned.

#2025

Celebrate the festival of colors with joy, harmony, and new beginnings! 🌸✨ May Holi bring vibrant hues of happiness, suc...
14/03/2025

Celebrate the festival of colors with joy, harmony, and new beginnings! 🌸✨ May Holi bring vibrant hues of happiness, success, and prosperity into your life. Indo Legal Services wishes you a bright and blissful Holi! 🎨🔥

Ashutosh Gupta and Gaurav Rana

NCLT Lifts Corporate Veil – Declares CIRP Initiation Fraudulent & Malicious, Imposes INR 5 Lakh Cost on Financial Credit...
07/02/2025

NCLT Lifts Corporate Veil – Declares CIRP Initiation Fraudulent & Malicious, Imposes INR 5 Lakh Cost on Financial Creditor.

We are pleased to share that our Partner, Mr. Gaurav Rana, assisted by Mr. Ajitesh Kumar, successfully represented a homebuyer in a Section 65 Application before the Hon’ble National Company Law Tribunal (NCLT), New Delhi Bench-III. The landmark ruling in IA-6541/2023 in CP (IB)-237(ND)/2023 held that the initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s. Logix Infrastructure Private Limited was collusive, fraudulent, and driven by malafide intent.

🔎 Key Takeaways from the Order:
✅ The Tribunal found that CIRP was misused to defraud creditors and manipulate insolvency provisions under the IBC, 2016.
✅ The financial transaction between M/s. Experts Realty Professionals Private Limited (Financial Creditor) and M/s. Logix Infrastructure Private Limited (Corporate Debtor) was deemed fraudulent and an abuse of the insolvency resolution mechanism.
✅ The corporate veil was lifted to expose collusion and fraudulent intent behind the CIRP initiation.
✅ Exercising its powers under Rule 11 of the NCLT Rules, 2016, the Tribunal set aside the admission order dated 14.07.2023, effectively terminating the CIRP and lifting the moratorium.

⚖ Directions Issued by NCLT:
🔹 CIRP Costs: The entire CIRP cost, including Resolution Professional (RP) fees, shall be borne by the Financial Creditor.
🔹 Penalty: INR 5,00,000/- imposed on the Financial Creditor, payable to the Prime Minister’s National Relief Fund.
🔹 Corporate Debtor's Management: To be returned to its suspended Board of Directors.
🔹 Refunds: Any Earnest Money Deposit (EMD) or Performance Bank Guarantee (PBG) submitted in the CIRP process must be refunded.

This ruling is a significant reaffirmation of the judiciary’s firm stance against the misuse of insolvency laws for fraudulent purposes. NCLT’s decision to lift the corporate veil reinforces the principle that insolvency proceedings cannot be misused as a tool for unjust enrichment.

A remarkable win in the fight against insolvency abuse and a testament to our team’s commitment to upholding the integrity of the Insolvency and Bankruptcy Code (IBC), 2016.

Citation: Mr. Ankoor B Sarkar & Anr. Vs. Mls. Expert Realty Professionals Private Limited || IA 6541 of 2023 In IB 237 (ND) of 2023 || NCLT New Delhi Bench III || 06.02.2025.

With the dawn of a new year, we at Indo Legal Services LLP embrace the promise of growth, integrity, and unwavering dedi...
31/12/2024

With the dawn of a new year, we at Indo Legal Services LLP embrace the promise of growth, integrity, and unwavering dedication to justice. May 2025 bring clarity to your paths, strength to your endeavors, and success to all your pursuits. Wishing you a year as resolute as the scales of justice.

Ashutosh Gupta and Gaurav Rana

May your days be merry and bright, and your hearts light with Christmas delight! 🌟🎅 Ashutosh Gupta and Gaurav Rana      ...
25/12/2024

May your days be merry and bright, and your hearts light with Christmas delight! 🌟🎅

Ashutosh Gupta and Gaurav Rana

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