Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 31, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard three interconnected appeals related to the corporate insolvency resolution process of Ansal Urban Condominiums Pvt. Ltd.:
- Comp. App. (AT) (Ins) No. 1651 of 2024 & I.A. No. 6013, 6014 of 2024: Filed by Katra Realtors Pvt. Ltd. against Rajesh Ramnani (Resolution Professional of Ansal Urban Condominiums Pvt. Ltd.) and Others
- Comp. App. (AT) (Ins) No. 791 of 2024: Filed by Ansal Properties & Infrastructure Ltd. against Rajesh Ramnani (Resolution Professional of Ansal Urban Condominiums Pvt. Ltd.)
- Comp. App. (AT) (Ins) No. 1662 of 2024 & I.A. No. 6056 of 2024: Filed by Krishna Sahil Constructions Pvt. Ltd. against Rajesh Ramnani (Resolution Professional) and Another
Representation was noted for Mr. Prabhas Bajaj and Ms. Priyanka Bhatt, Advocates for Respondent-1 (Resolution Professional), and Mr. Rajesh Ramnani appearing in person as the Resolution Professional. For the appellant Krishna Sahil Constructions, representation was noted from M. Bani Dikshit and Mr. Dhruva Vig, Advocates.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned all three appeals due to time constraints. The matters have been listed for next hearing on September 8, 2026. No substantive hearing or decision on merits occurred in this order.
Topics: Insolvency Appeals, Real Estate, Adjournment