Case Details
Case Name: Harkar Developers Pvt. Ltd. vs Dera Finvest Pvt. Ltd. & Ors.
Court/Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Case Number: Company Appeal (AT) (Insolvency) No. 650 of 2025
Connected Matter: Comp. App. (AT) (Ins.) No. 604 of 2025
Date of Order: May 27, 2026
Parties Involved
Appellant: Harkar Developers Pvt. Ltd.
Respondents: Dera Finvest Pvt. Ltd. & Others
Legal Representation for Appellant: Mr. Ishan Srivastava, Advocate
Procedural Developments
Respondent No. 3 filed I.A. No. 3966 of 2026 seeking setting aside of the ex-parte order passed against him. There was no representation for Respondent No. 3 during the hearing. The appellant's counsel submitted that they had not been served with a copy of this application.
The Tribunal directed Respondent No. 3 to serve a copy of I.A. No. 3966 of 2026 to the appellant within one week from May 27, 2026. The appellant was directed to file their reply to this application, if they wish to contest it, by May 29, 2026.
Final Ruling & Enforcement
The appeal has been adjourned and listed for hearing on July 23, 2026 along with the connected matter Comp. App. (AT) (Ins.) No. 604 of 2025. The matter will be heard by a bench consisting of Justice N. Seshasayee (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
The order was passed in hybrid mode, indicating both physical and virtual hearing options were available.