Rajani Associates Supports Jayesh Sanghrajka in Darshan Developers' CIRP
Rajani Associates, a leading legal firm, has provided strategic guidance to Jayesh Sanghrajka, the Resolution Professional of Darshan Developers and 10 other consolidated corporate debtors, throughout their Corporate Insolvency Resolution Process (CIRP).
InsolvencyBankruptcyCirpLegal GuidanceCorporate DebtorsReal Estate NewsJul 17, 2025
Darshan Developers Private Limited, along with 10 other consolidated corporate debtors—Immediate Real Estate Private Limited, Manpreet Developers Private Limited, Wamika Real Estate Private Limited, Prithvi Residency Private Limited, Tenacity Real Estate Private Limited, Ghardwar Real Estate Private Limited, Fulgent Real Estate Private Limited, Suvarat Real Estate Developers Private Limited, Vyomakara Real Estate Private Limited, and Azinova Constructions Private Limited—entered into the CIRP on April 10, 2023.
Rajani Associates has provided comprehensive legal advice throughout the CIRP, ensuring that all legal and procedural requirements are met. The firm has also been instrumental in providing continuous strategic guidance and representing Jayesh Sanghrajka in various litigation matters before the National Company Law Tribunal (NCLT) and the High Court of Bombay.
The team at Rajani Associates, led by Senior Partners Ashish Parwani and Devesh Juvekar, along with Partner Rajeev Nair, has been at the forefront of this significant legal undertaking. The team also includes Dikshat Mehra (Associate Partner) and Ishita Raghav (Associate), who have contributed significantly to the success of the project. Additional support was provided by Gitika Makhija (Senior Associate), S Shivganesh (Senior Associate), and Honey Chandnani (Associate).
The involvement of Rajani Associates in this CIRP highlights the firm's expertise and commitment to delivering high-quality legal services in complex insolvency and bankruptcy cases. Their strategic guidance and legal representation have been crucial in navigating the challenges faced by the consolidated corporate debtors and ensuring a smooth resolution process.
For companies and individuals facing insolvency, the support of a knowledgeable and experienced legal team like Rajani Associates is invaluable. The firm's comprehensive approach, combining legal expertise with strategic guidance, sets a high standard for legal service in the insolvency and bankruptcy sector.
Rajani Associates is a well-respected legal firm known for its expertise in corporate law, insolvency, and bankruptcy. The firm's commitment to providing top-tier legal services has made it a trusted advisor for businesses and individuals navigating complex legal landscapes.
Frequently Asked Questions
What is the Corporate Insolvency Resolution Process (CIRP)?
The Corporate Insolvency Resolution Process (CIRP) is a legal framework under the Insolvency and Bankruptcy Code, 2016, designed to resolve insolvency issues of corporate debtors. It aims to rehabilitate the debtor or liquidate the assets in a time-bound manner.
Who is Jayesh Sanghrajka in this context?
Jayesh Sanghrajka is the Resolution Professional appointed for Darshan Developers Private Limited and 10 other consolidated corporate debtors. His role is to manage the CIRP and ensure the resolution process is conducted fairly and efficiently.
What is the role of Rajani Associates in this case?
Rajani Associates provided comprehensive legal advice and strategic guidance throughout the CIRP for Darshan Developers and the 10 other consolidated corporate debtors. They also represented Jayesh Sanghrajka in various litigation matters before the NCLT and High Court of Bombay.
What are the key legal bodies involved in the CIRP?
The key legal bodies involved in the CIRP include the National Company Law Tribunal (NCLT) and the High Court of Bombay. These bodies oversee the legal aspects of the insolvency resolution process and ensure compliance with the Insolvency and Bankruptcy Code, 2016.
Why is the involvement of a legal firm like Rajani Associates crucial in insolvency cases?
The involvement of a legal firm like Rajani Associates is crucial in insolvency cases because they provide the necessary legal expertise and strategic guidance to navigate the complex legal and procedural requirements of the CIRP. Their support ensures that the resolution process is conducted efficiently and effectively.
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