Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 31 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected applications (I.A. No. 5376, 5377 of 2026 and I.A. No. 5378, 5379 of 2026) related to Company Appeal (AT) (Insolvency) No. 987 of 2026 and Company Appeal (AT) (Insolvency) No. 988 of 2026. The appeals involve Bhavik Bhimjyani and Neelkanth Realtors Ltd. as appellants challenging orders related to Catalyst Trusteeship Ltd. in the context of a corporate insolvency resolution process. The matter was heard in hybrid mode with senior legal counsel representing all parties.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, adjourned the applications and directed that they be listed next on 3 August 2026 along with the main appeals. No substantive hearing or decision on the merits of the case occurred during this proceeding.
Topics: Insolvency Appeals, NCLAT Proceedings, Real Estate