Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15th September 2026
Case Overview
The appeal involves Company Appeal (AT) (Insolvency) No. 566 of 2026 filed by Vishal Sharma, the Suspended Director of Hotel Horizon Pvt. Ltd., as the appellant. The respondents are a consortium comprising Oberoi Realty Ltd., Shree Aman Developers Pvt. Ltd., and JM Financial Properties and Holdings Ltd. along with others. The matter represents an insolvency proceeding under the jurisdiction of the NCLAT.
Multiple legal representatives appeared for the parties: Mr. Abhishek Anand, Mr. Aditya Shukla, and Ms. Palak Kalra represented the appellant. For respondent No. 1, Mr. Arun Kathpalia (Senior Advocate) appeared with Mr. Aditya Dhupar, Ms. Aaria Parekh, and Mr. Shubham Saini. For respondent No. 2, Mr. Vaijayant Paliwal, Mr. Saurav Panda, Mr. Aditya Marwah, Ms. Sngidha Saraf, Ms. Aditi Roy, and Ms. Shruti Poddar appeared. For respondent No. 3, Mr. Abhinav Vashisht (Senior Advocate) appeared with Mr. Chitransul A. Sinha, Mr. Shivam Shorewala, Ms. Rakshita Bhargava, and Ms. Esha Sharma.
The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical). The order was passed in hybrid mode.
Final Outcome
The tribunal noted "No time left" and adjourned the hearing of the appeal. The matter has been listed for next hearing on 22nd September 2026 at 03:00 PM. This is a procedural adjournment order without any substantive decision on the merits of the case.
Topics: Insolvency Appeal, Real Estate Dispute, NCLAT Proceedings