Lotus Isle Buyers Association Appeal Connected and Scheduled

Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 06.08.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1292 of 2026 along with I.A. No. 5028 of 2026. The appeal was filed by Lotus Isle Buyers Welfare Association against respondents Sathyaväti Nimmalapudi & Others. At the request of the appellant's counsel, the tribunal connected this appeal with CA(AT)(Ins.) No. 1293 of 2026 for joint proceedings.

Final Outcome

The tribunal granted Respondent Nos. 2 and 3 (represented by Ms. Shruti Singh) two weeks to file their reply to both the delay condonation application and the main appeal. Notice was issued to Respondent Nos. 1 and 4 regarding both the stay/interim application and the appeal, with requirements to take necessary steps within four working days. The case was listed for next hearing on 31 August 2026 under the same caption before the same bench consisting of Justice Mohammad Faiz Alam Khan (Member Judicial) and Arun Baroka (Member Technical).

Topics: NCLAT Proceedings, Insolvency Appeal, Case Management