Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 07.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing three interconnected Company Appeals related to the insolvency proceedings of Housing Development and Infrastructure Ltd. (HDIL). The appeals are:
1. Comp. App. (AT) (Ins) No. 1191 of 2025 & I.A. No. 276 of 2026: Filed by Adani Properties Pvt. Ltd. against Mr. Abhay Narayan Manudhane, the Resolution Professional (RP) of HDIL.
2. Comp. App. (AT) (Ins) No. 1311 of 2025: Filed by the Regional Provident Fund Commissioner-II, RO Mumbai-III, Kandivalli-II against Mr. Abhay Narayan Manudhane (RP) and another respondent.
3. Comp. App. (AT) (Ins) No. 1023 of 2025: Filed by Mr. Rakesh Kumar Wadhawan, a suspended director of HDIL, against Mr. Abhay N. Manudhane (RP) and others.
Multiple senior advocates and legal teams represented the various appellants and respondents in the hybrid mode hearing.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), did not hear the substantive matters of the appeals. The order states the appeals "could not be taken up" due to a "paucity of time." Consequently, all three appeals were adjourned and listed for the next hearing on 02.11.2026 at 2:00 PM. No rulings on the merits of any appeal were issued.
Topics: Corporate Insolvency, Legal Adjournment, NCLAT Proceedings