Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 25 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two interconnected company appeals related to insolvency matters. The first appeal (Company Appeal (AT) (Insolvency) No. 1122 of 2025) was filed by Art Construction Pvt. Ltd. as the appellant against BPTP Ltd. and another respondent. The second appeal (Company Appeal (AT) (Insolvency) No. 1278 of 2025) involved BPTP Ltd. as the appellant against Udayraj Patwardhan (Resolution Professional of Adel Landmarks Ltd.) and another respondent. Legal representation was present for all parties: Ms. Manvi Jain represented the appellant in the first case, while Mr. Sanjay Bhatt and Mr. Sarthak Bhandari represented respondents in both cases.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Arun Baroka (Member Technical) ordered both appeals to be adjourned and listed for next hearing on October 28, 2026. The order was passed in hybrid mode, indicating both physical and virtual participation. No substantive decisions on the merits of the cases were made in this order, which solely addresses the scheduling of further proceedings.
Topics: Insolvency Proceedings, Real Estate Disputes, Court Adjournment