NCLT Admits CIRP Against Evanie Infrastructure on Homebuyers’ Petition

The Tribunal held that the maintainability of a homebuyers’ Section 7 petition must be assessed against the statutory threshold applicable on the date of filing. It declined to accept the corporate debtor’s reliance on a list of 966 alleged allottees, noting deficiencies in the supporting booking records. The Tribunal admitted the petition, initiated CIRP and imposed the statutory moratorium. It also appointed a replacement Interim Resolution Professional.