Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 22 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals (Company Appeal (AT) (Insolvency) No. 1149 of 2026 and Company Appeal (AT) (Insolvency) No. 613 of 2026) filed by Garg Builders, described as the "Former Successful Resolution Applicant for MHG Land Stockist Pvt. Ltd." The appeals were against Prabhjit Singh Soni & Others and MHG Land Stockist Pvt Ltd. Through Its Resolution Professional & Others, respectively. The matter relates to proceedings under the Insolvency & Bankruptcy Code, 2016. During the hearing, the learned arguing counsel was not available and sought an adjournment. Additionally, the learned counsel for the original applicant under Section 7 of the Code moved an impleadment application, which was not listed for that day.
Final Outcome
The Tribunal adjourned both appeals to November 3, 2026. It directed that the impleadment application be listed without defects on the next date of hearing. The order was signed by Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member (Technical)).
Topics: Insolvency Appeals, NCLAT, Adjournment