Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 29, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has listed five interconnected appeals for further hearing on October 6, 2026. The appeals involve multiple parties in insolvency proceedings related to Avani Projects & Infrastructure Ltd. The appellants include State Bank of India (in three separate appeals), Adone Hotels & Hospitality Ltd. (formerly DLF Hilton Hotels Ltd.), and Kolkata Municipal Corporation. The common respondent in all appeals is Ajay Kumar Agarwal, the Resolution Professional for Avani Projects & Infrastructure Ltd., along with other respondents.
The appeals are numbered as Company Appeal (AT) (Ins) No. 1514 of 2026, 1515 of 2026, 1516 of 2026, 1517 of 2026, and 1659 of 2026 with I.A. No. 6333 of 2026. The matters involve representation by multiple senior advocates and law firms representing the various parties, indicating complex legal proceedings.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member Technical), and Mr. Ajai Das Mehrotra (Member Technical) did not make any substantive decision on the merits of the cases. The order simply adjourns all five appeals for further hearing on October 6, 2026, at 12:00 Noon. The matters remain pending before the tribunal without any resolution or interim directions.
Topics: Insolvency Proceedings, Corporate Litigation, NCLAT Adjournment