Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 10, 2026
Case Overview
The appeal Comp. App. (AT) (Ins) No. 566 of 2026 involves Vishal Sharma, Suspended Director of Hotel Horizon Pvt. Ltd. as the Appellant against a Consortium of Respondents comprising Oberoi Realty Ltd., Shree Aman Developers Pvt. Ltd., and JM Financial Properties and Holdings Ltd. along with Others. The proceedings concern the admission of the appeal. Senior Counsel Arun Kathpalia, representing Respondent No. 1, completed his submissions during the hearing. Due to time constraints, other Respondents could not present their arguments. The Tribunal noted that arguments in this appeal are being heard specifically on the issue of issuance of notice or dismissal of the appeal (for admission), while ten other connected appeals (Comp. App. (AT) (Ins) No. 1990 of 2025, No. 250 of 2026, No. 1126 of 2025, No. 1169 of 2025, No. 1170 of 2025, No. 1201 of 2025, No. 1991 of 2025, No. 106 of 2026, No. 107 of 2026, and No. 114 of 2026) are to be heard and decided separately.
Final Outcome
The Tribunal delinked the instant appeal (Comp. App. (AT) (Ins) No. 566 of 2026) from the other ten connected appeals. The case has been listed for further submissions on the admission of the appeal on August 12, 2026, at 3:00 PM.
Topics: Insolvency Appeal, NCLAT Procedure, Real Estate Dispute