The National Company Law Tribunal (NCLT) New Delhi Bench has admitted four separate petitions for the initiation of Corporate Insolvency Resolution Process (CIRP) against companies wholly owned by RAB Enterprises (India) Private Limited, a firm promoted by former Yes Bank co-founder Rana Kapoor and his wife, Bindu Kapoor. The order, delivered on April 7, 2026, targets four specific entities: Imagine Habitat Pvt. Ltd., Imagine Residence Pvt. Ltd., Imagine Home Pvt. Ltd., and Imagine Estate Pvt. Ltd.
Link to the Kapoor Family
The Corporate Debtors are wholly owned subsidiaries of RAB Enterprises, which the NCLT noted was promoted by the RAB Promoters, namely Mr. Rana Kapoor and Ms. Bindu Kapoor. The legal proceedings…