Ascot Realty NCLAT Appeal Closed per Precedent

Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: 22 September 2026

Case Overview

This proceeding, Comp. App. (AT) No. 227 of 2026 along with I.A. No. 4069 and 4830 of 2026, was an appeal filed by Ascot Realty Pvt. Ltd. (Appellant) against Starlight Real Estate (Ascot) Mauritius Ltd. & Others (Respondents). During the hearing, the counsel for both parties—Mr. Dhruv Surana and Mr. Arya Hardik for the Appellant, and Mr. Himanshu Satija, Mr. Ripul Swati, and Adv. Suyash Shrivastava for Respondent 1—made a joint statement. They asserted that the legal controversy in this appeal was identical to and therefore covered by a previous order issued by the same NCLAT bench on 03.09.2026. The referenced order was passed in a batch of company appeals, with the lead case being Company Appeal (AT) No. 259/2026, which also involved the same parties: Ascot Realty Private Limited Vs. Starlight Real Estate (Ascot) Mauritius Limited & Ors.

Final Outcome

The NCLAT bench, comprising Justice Sharad Kumar Sharma (Member-Judicial) and Indevar Pandey (Member-Technical), accepted the joint statement from the counsels. Consequently, the tribunal ordered that the present company appeal (Comp. App. (AT) No. 227 of 2026) stands closed and disposed of in light of the directions issued in the judgment dated 03.09.2026 from the lead case. The appeal is thus concluded based on that precedent.

Topics: NCLAT, Real Estate Dispute