Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1107 of 2026, an appeal filed by Ideal Aurum Nirman LLP against Yes Bank Ltd. The appeal appears to concern insolvency proceedings between the real estate developer and the banking institution. The matter was presented before a bench consisting of Justice Ashok Bhushan (Chairperson) and Mr. Barun Mitra (Member Technical). The appellant was represented by Senior Advocate Mr. Neeraj Malhotra with advocates Ms. Sonia Dube, Pratham Mehrotra, and Saumya Sharma. The respondents were represented by advocates Mr. Anand Shankar Jha, Abhilekh Tiwari, and Sachin Mintri.
Final Outcome
The NCLAT adjourned the hearing and listed the matter for the next hearing on July 10, 2026. The Tribunal specifically clarified that this adjournment order shall not preclude the National Company Law Tribunal (NCLT) from proceeding with any pending matters related to this case. This indicates that while the appellate proceedings are ongoing, the original insolvency proceedings before NCLT may continue independently.
Topics: Insolvency Appeal, Banking Litigation, Real Estate NPA