Andhra Pradesh High Court
CRP/2901/2024 of RAGHAV BHARTIA Vs M/S Circar Jute Mills Private Limited, on 14 April 2026
IN THE HIGH COURT OF ANDHRA PRADESH WEDNESDAY, THE FIFTEENTH DAY OF APRIL TWO THOUSAND AND TWENTY SIX THE HONOURABLE SRI JUSTICE RAVI CHEEMALAPATI CIVIL REVISION PETITION NO: Between: 1. RAGHAV BHARTIA, S/O PRATYUSH BHARTIA, AGED ABOUT YEARS, R/O 2ND FLOOR, 1 DELHI - 110024 1. M/S CIRCAR
APHC010491522024
IN TH
WEDNESD
TWO
THE HONOURA
CIVIL R
Between:
1. RAGHAV BHARTIA
YEARS, R/O 2ND
DELHI - 110024
1. M/S CIRCAR JU
AUTHORISED RE
VILLAGE, BAPULA
2. MR KURAPATI S
PROFESSIONAL F
FLAT NO.104, KA
MADHAPUR, HYDE
3. COMMITTEE OF
PRIVATE LIMITED,
OF EXCEL COMMO
OFFICE AT 159, RA
BENGAL 700007
E HIGH COURT OF ANDHRA PRAD
AT AMARAVATI
(Special Original Jurisdiction)
DAY,THE FIFTEENTH DAY OF APR
O THOUSAND AND TWENTY SIX
PRESENT
ABLE SRI JUSTICE RAVI CHEEMAL
REVISION PETITION NO: 2901/2024
A, S/O PRATYUSH BHARTIA, A
D FLOOR, 1-13, LAPAT NAGAR, P
AND
TE MILLS PRIVATE LIMITED,
EPRESENTATIVE, R/O NH5, K
APADU MANDAL, KRISHNA DISTRIC
SINGARAYYA CHOWDARY, .
OR M/S CIRCAR JUTE MILLS PRIV
AVURI SUPREME ENCLAVE, KA
ERABAD AP IN - 500033
CREDITORS OF M/S CIRCAR
, REP BY MR.KAUSHIK CHOWDAR
OSALE PRIVATE LIMITED, HAVING
ABINDRA SARANI, 4TH FLOOR, KO
...RES
RC,J
CRP No.2901 of 2024
DESH
IL
LAPATI
AGED ABOUT
PART 3 NEW
...PETITIONER
REP BY ITS
KODURUPADU
CT, AP IN
RESOLUTION
VATE LIMITED,
AVURI HILLS,
JUTE MILLS
RY, DIRECTOR
REGISTERED
OLKATA WEST
SPONDENT(S):
RC,J
CRP No.2901 of 2024
Petition under Article 227 of the Constitution of India,praying that in the circumstances stated in the grounds filed herein,the High Court may be pleased topleased to A) Allow this Petition and declare the impugned Order dated 3.4.2024 passed by the NCLT, Amaravati Bench in I.A(IBC)/329/2023
in CP(IB)/78/7/AMR/2020 in so far as directing the 2nd Respondent to make another attempt for obtaining a fresh Resolution Plan while rejecting the Resolution Plan submitted by the Respondent under Section 31 of Insolvency and Bankruptcy Code, 2016 instead of initiating Liquidation under Section 33
of Insolvency and Bankruptcy Code, 2016 is illegal, arbitrary, contrary to Section 31 and Section 33 of Insolvency and Bankruptcy Code, 2016, without jurisdiction and power under law and consequently modify the impugned order by initiating Liquidation Process under Section 33 of Insolvency and Bankruptcy Code, 2016 B) And Pass IA NO: 1 OF 2024
Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased Pleased to dispense with the filing of certified copy of the Order dated 3.4.2024 passed by the NCLT, Amaravati Bench in I.A(IBC)/329/2023 in CP(IB)/78/7/AMR/2020 and pass IA NO: 2 OF 2024
Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased Pleased to stay of all further proceedings in respect of the Order dated 3.4.2024 passed by the NCLT, Amaravati Bench in I.A(IBC)/329/2023 in CP(IB)/78/7/AMR/2020 and pass IA NO: 1 OF 2025
Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased Pleased amend the prayer “ For these grounds and other grounds that may be urged at the time of hearing, the Hon’ble Court may be pleased to A)
Allow this Petition and declare the impugned Order dated 3.4.2024 passed by the NCLT, Amaravati Bench in I.A(IBC)/329/2023 in CP(IB)/78/7/AMR/2020 in so far as directing the 2"^ Respondent to make another attempt for obtaining RC,J
CRP No.2901 of 2024
a fresh Resolution Plan while rejecting the Resolution Plan submitted by the 2'^'^ Respondent under Section 31 of Insolvency and Bankruptcy Code, 2016
instead of initiating Liquidation under Section 33 of Insolvency and Bankruptcy Code, 2016 is illegal, arbitrary, contrary to Section 31 and Section 33 of Insolvency and Bankruptcy Code, 2016, without jurisdiction and power under law and consequently modify the impugned order by initiating Liquidation Process under Section 33 of Insolvency and Bankruptcy Code, 2016 B) And Pass such order and pass such other order or orders as this Hon’ble Court may deem fit and proper in the circumstances of the case.” As follows “For these grounds and other grounds that may be urged at the time of hearing, the Hon’ble Court may be pleased to A) Allow this Petition and declare the impugned Order dated 3.4.2024 passed by the NCLT, Amaravati Bench in I.A(IBC)/329/2023 in CP(IB)/78/7/AMR/2020 in so far as directing the 2^^ Respondent to make another attempt for obtaining a fresh Resolution Plan while rejecting the Resolution Plan submitted by the 2^^ Respondent under Section 31 of Insolvency and Bankruptcy Code, 2016 instead of initiating Liquidation under Section 33 of Insolvency and Bankruptcy Code, 2016 is illegal, arbitrary, contrary to Section 31 and Section 33 of Insolvency and Bankruptcy Code, 2016 and subsequent Order dated 16.1.2025 passed by the NCLT, Amaravati Bench in
I.A(PLAN)/2/2024
in
CP(IB)/78/7/AMR/2020 approving the Resolution Plan submitted in pursuance of the Order dated 3.4.2024 without jurisdiction and power under law and consequently modify the impugned order by initiating Liquidation Process under Section 33 of Insolvency and Bankruptcy Code, 2016 B) And Pass such order and pass IA NO: 2 OF 2025
Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased pleased to dismiss the present Civil Revision Petition filed by the Petitioner with exemplary costs and vacate the Interim Order dated 07.02.2025 and pass IA NO: 3 OF 2025
Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased may be pleased to vacate the interim orders dated 07-02-2025 in IA No. 2 of RC,J
CRP No.2901 of 2024
2024 in CRP No. 2901 of 2024 and to dismiss the main CRP No. 2901 of 2024 and pass Counsel for the Petitioner:
1.N BHARATH SIMHA REDDY
Counsel for the Respondent(S):
1.SURAGANI KRISHNA VAMSI
2.
3.DEEPA YENNA
RC,J
CRP No.2901 of 2024
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ORDER
Sri N.Bharath Simha Reddy, learned counsel for the petitioner, submitted that this Civil Revision Petition is filed aggrieved by the orders dated 03.04.2024 passed by the National Company Law Tribunal, Amaravati Bench in I.A(IBC)/329/2023 in CP(IB)/78/7/AMR/2020 whereby and whereunder instead of initiating liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016, rejected the Resolution Plan submitted by respondent no.2 directing the respondent no.2 to make another attempt of obtaining a fresh resolution plan.
2. Sri S.V.Maruti Sankar, learned counsel, representing Sri Suragani Krishna Vamsi, learned counsel for respondent no.3, submitted that aggrieved by the observations made in the order impugned in this Civil Revision Petition, respondent no.3 preferred Appeal bearing No. 159 of 2024 under Section 61(1) of the Insolvency and Bankruptcy Code and further respondent no.2 obtained Resolution plan as directed in the impugned orders and the said Resolution plan was approved by the NCLT, Amaravathi Bench vide orders dated 16.01.2025 passed in IA (IBC)(PLAN)/2/2024 in CP(IB)/78/7/AMR/2020, and in view of the same, the Civil Revision Petition has become infructuous.
2. In view of the above submissions, this Civil Revision Petition is dismissed as infructuous. However, this order does not preclude the petitioner RC,J CRP No.2901 of 2024
from taking steps against the orders dated 16.01.2025 before appropriate Forum in accordance with law. There shall be no order as to costs.
Pending miscellaneous petitions, if any, shall stand closed. ___________________________ JUSTICE RAVI CHEEMALAPATI 15th April, 2026.
RR