Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 03.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals related to the insolvency proceedings of Ajnara Realtech Ltd. The first appeal (Comp. App. (AT) (Ins) No. 881 of 2024) was filed by Vinod Kumar Jha, Directors (Powers Suspended) of Ajnara Realtech Ltd against Sachin Dhiman & Others. The second appeal (Comp. App. (AT) (Ins) No. 1333 of 2024) was filed by Lee Garden Ph 3 Welfare Society (through its President, Mr. Kishlaya Deb Purkayastha) against Ajnara Real Tech Ltd & Others. Multiple interlocutory applications (I.A. No. 3180, 3181, 3787, 6926 of 2024 and I.A. No. 4836 of 2024) were also pending in these matters.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical) adjourned both appeals and all connected applications to September 2, 2026, citing "No time left" for hearing on the current date. The order was passed in hybrid mode.
Topics: Corporate Insolvency, Real Estate Dispute, NCLAT Proceedings