Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected insolvency appeals: Comp. App. (AT) (Ins) No. 563 of 2023 filed by First Choice Properties (India) Pvt. Ltd. and Comp. App. (AT) (Ins) No. 564 of 2023 filed by Sachana Exports Pvt. Ltd. Both appeals are against Gstaad Hotels Pvt. Ltd. and another respondent. The appeals were presented in hybrid mode. For the appellants in both cases, appearance was not marked. For the respondents, advocates Mr. Sanampreet Singh and Mr. Sanidhya Gupta appeared for Respondent-1 (Gstaad Hotels Pvt. Ltd.).
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned both appeals due to time constraints. The matters have been listed for next hearing on July 10, 2026, in the supplementary list.
This content may not be financially relevant as it represents a routine procedural adjournment without substantive ruling on the insolvency matter.