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 four interconnected insolvency appeals (Comp. App. (AT) (Ins) No. 933, 934, 935, and 943 of 2026) involving multiple companies within the Imagine Group. The appeals were filed by Bindu Kapoor, the suspended director of Imagine Estate Pvt. Ltd., Imagine Home Pvt. Ltd., Imagine Residence Pvt. Ltd., and Imagine Habitat Pvt. Ltd., against Mamta Binani, who serves as the Interim Resolution Professional for these companies. The proceedings represent ongoing corporate insolvency resolution processes involving these real estate entities.
Final Outcome
The NCLAT bench comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member Technical) adjourned all four appeals to July 6, 2026, as prayed for by the parties. The Tribunal ordered that statements recorded in the proceedings shall continue till the next date of hearing. The order was passed in hybrid mode proceedings.
Topics: Corporate Insolvency, NCLAT Proceedings, Real Estate
This content represents a procedural update in ongoing insolvency proceedings and may not have immediate financial relevance until substantive orders are passed.