2026 (5) TMI 1528

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....aint filed by Petitioner dated 17.05.2024 in a time-bound manner. AND/OR II. Pass such other and further order(s) that this Hon'ble Court deems fit and proper in the facts and circumstances of the present case and in the interest of justice/equity." 2. According to the petitioner, he is a suspended director of 'Associate Décor Limited', a company which is undergoing Corporate Insolvency Resolution Process (CIRP proceedings) before the National Company Law Tribunal at Bengaluru (NCLT). One Mr. Alok Kailash Saksena, Insolvency Professional, was appointed as the Resolution Professional (RP) in the said CIRP proceedings. As per the petitioner, the RP has committed various irregularities towards the discharge of h....

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....ties and the subsequent developments in furtherance of the same cannot be separated from the underlying circumstances. A comprehensive perusal of the facts underlying the petitioner's grievance would indicate that the material, integral, and substantial part of the cause of action, has arisen outside the jurisdiction of the Court. 7. Insofar as the submission that since the respondent-authorities are situated in New Delhi, the Court ought to entertain the petition is concerned, reference can be made to the decision of this Court, in The Indure Pvt. Ltd. v. Government of NCT of Delhi 2026:DHC:1605. The relevant portion of the decision is extracted below, for reference: "37. Naturally, being the capital of the Country, various aut....