Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 03.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Company Appeal (AT) (Insolvency) No. 1149 of 2026. The appellant is Garg Builders, identified as the former successful resolution applicant for MHG Land Stockist Pvt. Ltd. The respondents are Prabhjit Singh Soni & Others, with Mr. Prabhjit Singh Soni also serving as the Resolution Professional. The hearing was conducted in hybrid mode with legal representation from both sides: Mr. Malak Bhatt and Mr. Prithviraj Dey represented the appellant, while Mr. Anand Chichra represented the respondents.
Final Outcome
The tribunal adjourned the hearing to 15th July 2026. This adjournment was granted based on a prayer made by counsel for the respondent. The order was issued by a bench consisting of Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra.
Topics: NCLAT, Insolvency Proceeding