Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 566 of 2026, an appeal filed by Vishal Sharma, the Suspended Director of Hotel Horizon Pvt. Ltd., against a consortium of respondents comprising Oberoi Realty Ltd., Shree Aman Developers Pvt. Ltd., and JM Financial Properties and Holdings Ltd. The appeal appears to relate to insolvency proceedings concerning Hotel Horizon Pvt. Ltd. The matter was presented before a bench consisting of Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical). Mr. Abhishek Anand represented the appellant, while Mr. Chitranshul A. Sinha, Mr. Shivam Shorewala, Ms. Rakshita Bhargava, and Ms. Esha Sharma were advocates on record for the respondents.
Final Outcome
The bench noted that there was no time left to hear the matter on the scheduled date. Consequently, the appeal was adjourned and listed for the next hearing on 18.11.2026. No substantive issues were discussed or decided in this order.
Topics: Insolvency, Real Estate