Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) 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 were directed against Gstaad Hotels Pvt. Ltd. & Anr. (Respondents). The appeals appear to challenge proceedings under the Insolvency and Bankruptcy Code involving Gstaad Hotels Pvt. Ltd. Legal representation included Mr. Vaibhav Gaggar, Senior Advocate along with Mr. Shreeyash Lalit and Mr. Himanshu Vats for the Appellants, and Mr. Jayesh Sanghrajka for the Resolution Professional (RP) representing the Respondents.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical) adjourned both appeals based on a joint request made by the learned counsel for all parties. The matters have been rescheduled to be listed on 03.08.2026 for further hearing.
Topics: Insolvency Appeals, Corporate Litigation, NCLAT Proceedings