Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 17, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi issued a procedural order in Company Appeal (AT) No. 62 of 2021. The appeal involves Housing Development & Infrastructure Ltd. (HDIL) as the appellant against Rahul Sahasrabuddhe and 137 other respondents (R-1 to 138). The matter was heard by a three-member bench consisting of Justice Sharad Kumar Sharma (Member Judicial), Mr. Arun Baroka (Member Technical), and Mr. Indevar Pandey (Member Technical). The hearing was conducted in hybrid mode. Legal representation included Mr. Aman Varma, Ms. Riya Wasade, and Ms. Minal Mishra for the appellant, while Mr. Prabhat Chaurasia and Ms. Kenisha Savla represented respondents 1 to 138.
Final Outcome
The NCLAT bench directed that the company appeal be listed for hearing on the next day, September 18, 2026. This is a procedural order for scheduling purposes without any substantive decision on the merits of the case.
Topics: NCLAT Proceedings, Corporate Litigation, Real Estate