Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06 August 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 as the Appellant against Respondents Sathyaväti Nimmalapudi & Others. The Appellant's counsel requested that this appeal be connected with CA(AT)(Ins.) No. 1293 of 2026. The matter represents an ongoing insolvency-related proceeding between the homebuyers' association and the respondents.
Final Outcome
The Tribunal issued procedural directions: (1) Notice on behalf of Respondent Nos. 2 and 3 was received by their advocate Ms. Shruti Singh, who was granted two weeks to file a reply to both the delay condonation application and the main appeal; (2) Notice was issued to Respondent Nos. 1 and 4 regarding both the stay/interim application and the appeal, with requirements to be completed within four working days; (3) The case was listed for next hearing on 31 August 2026 under the same caption. The order was passed by Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical).
Topics: NCLAT Proceedings, Insolvency Appeal, Homebuyers Association