Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1005 & 1006 of 2025 along with multiple interlocutory applications (I.A. No. 3950-3957 of 2025). The appellants are Devashree Developers Pvt. Ltd. & Others, while the respondents are Sanjay Mahipal & Another. The matter represents an appeal against an order likely related to insolvency proceedings. Legal representation was present for both parties: Mr. Sumesh Dhawan and Mr. Vatsala Kak appeared for the appellants, while Mr. Ankur Mahindro, Mr. Mohit Dagar Greesha Shastri appeared for respondent No. 2. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical).
Final Outcome
The NCLAT bench adjourned the hearing, citing "No time left" for proceedings on 14 August 2026. The appeal was listed for the next hearing on 15 September 2026. No substantive arguments were heard, and no decisions were made on the merits of the case or the pending interlocutory applications.
Topics: NCLAT Proceeding, Insolvency Appeal, Adjournment