Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 12 August 2026
Case Overview
This is an appeal (Comp. App. (AT) (Ins) No. 566 of 2026) before the NCLAT Principal Bench involving Vishal Sharma, the suspended director of Hotel Horizon Pvt. Ltd., as the appellant. The respondents are a consortium comprising Oberoi Realty Ltd., Shree Aman Developers Pvt. Ltd., and JM Financial Properties and Holdings Ltd., along with other parties. The proceedings relate to corporate insolvency matters concerning Hotel Horizon Pvt. Ltd.
As of the order date, learned senior counsel Mr. Abhinav Vasisht, representing Respondent No. 3 (JM Financial Properties and Holdings Ltd.), has concluded his submissions. Counsel for the Monitoring Committee has also completed arguments. Learned counsel Mr. Abhishek Anand, representing the appellant, began his rebuttal submissions but was unable to conclude them during this hearing session.
Final Outcome
The tribunal has adjourned the hearing and listed the appeal for further proceedings on 13 August 2026 at 3:30 PM. The next hearing will allow the appellant's counsel to complete his rebuttal submissions.
Topics: Corporate Insolvency, Legal Proceedings