Rajani Associates offers consultation to Jayesh Sanghrajka, the Representation of Darshan Developers, concerning the CIRP matter
In a significant development, Rajani Associates, a leading law firm based in India, has been providing continuous strategic guidance and legal representation to Jayesh Sanghrajka, the Resolution Professional of Darshan Developers Private Limited, in the ongoing corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016.
The CIRP, which commenced on April 10, 2023, also includes 10 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. All these debtors are part of the real estate sector.
Rajani Associates, led by senior partners Ashish Parwani and Devesh Juvekar, partner Rajeev Nair, associate partner Dikshat Mehra, and associate Ishita Raghav, has been actively involved in the CIRP, offering strategic advice and representing the Resolution Professional in numerous related litigation matters before the National Company Law Tribunal (NCLT) and the High Court of Bombay. The firm's efforts have been further supported by senior associates Gitika Makhija, S Shivganesh, and associate Honey Chandnani.
The latest update on the CIRP indicates that it is actively ongoing, with Rajani Associates continuing to provide legal and strategic advisory support. However, no specific update on the approval of a resolution plan or the closure of the CIRP has been found in the latest publicly available records, suggesting that the process is still underway.
The specific reason for the involvement of Gitika Makhija, S Shivganesh, and Honey Chandnani in the CIRP is not mentioned in the provided information. Similarly, the current status of their involvement and the specific cases they are involved in are not specified. The location of the cases is also not specified in the provided information.
This ongoing CIRP serves as a testament to Rajani Associates' commitment to providing exceptional legal services and strategic guidance in complex insolvency matters. As the process continues, the firm remains dedicated to supporting Jayesh Sanghrajka and the consolidated group through this challenging period.
[1] Source: Rajani Associates press release, July 17, 2025 [2] Source: Insolvency and Bankruptcy Board of India (IBBI) records, accessed July 17, 2025
The involvement of Rajani Associates, a leading law firm, extends to the finance and business aspects of the ongoing corporate insolvency resolution process (CIRP) of Darshan Developers Private Limited. The firm, under the leadership of senior partners Ashish Parwani and Devesh Juvekar, has been offering strategic advice and litigation representation in the real estate sector-focused CIRP.
