Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 03.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing two interconnected Company Appeals: Comp. App. (AT) (Ins) No. 563 of 2023 and Comp. App. (AT) (Ins) No. 564 of 2023. In Appeal No. 563, the Appellant is First Choice Properties (India) Pvt. Ltd. and the Respondents are Gstaad Hotels Pvt. Ltd. & Anr. In Appeal No. 564, the Appellant is Sachana Exports Pvt. Ltd. and the Respondents are Gstaad Hotels Pvt. Ltd. & Anr. The nature of the proceedings is an appeal arising from an insolvency matter. The legal representatives present were Mr. Shreeyas Lali and Mr. Himanshu Vats for the Appellants, and Mr. Sanampreet Singh, Mr. Savidhaya Gupta, and Senior Advocate Mr. Prateek Seksaria (along with Mr. Soummo Biswas, Ms. Ritika, and Mr. Abhilash Chaudhary Sharma) for the Respondents and the Resolution Professional.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical), did not conduct a substantive hearing. The order states "No time left" and adjourned the matter, listing both appeals for the next hearing on 08.09.2026. The order was passed in hybrid mode.
Topics: Insolvency Appeal, NCLAT, Adjournment