Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: 31 August 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard three interconnected Company Appeals (AT) (Insolvency) matters:

  • Comp. App. (AT) (Ins) No. 1137 of 2023: Braham Arenja (Appellant) versus Indirapuram Habitat Centre Pvt. Ltd. (Respondent), with representation by Adv. Raveena Paniker for the appellant and Mr. Milan Singh Negi for the Respondent/Interim Resolution Professional.
  • Comp. App. (AT) (Ins) No. 628 of 2024: M S Goel HUF & Anr. (Appellants) versus Narendra Kumar Sharma, Resolution Professional for Indirapuram Habitat Centre Pvt. Ltd. (Respondent), with representation by Adv. Radhika Goel for the appellants and Mr. Milan Singh Negi for the IRP.
  • Comp. App. (AT) (Ins) No. 639 of 2024: Sarva Plastic Industries Pvt. Ltd. (Appellant) versus Narendra Kumar Sharma, Resolution Professional for Indirapuram Habitat Centre Pvt. Ltd. (Respondent), with representation by Adv. Radhika Goel for the appellant and Mr. Milan Singh Negi for the IRP.

All appeals relate to the corporate insolvency resolution process of Indirapuram Habitat Centre Pvt. Ltd., with various parties challenging aspects of the process before the Resolution Professional.

Final Outcome

The three-member bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) adjourned all three appeals and listed them for next hearing on October 26, 2026. The order was passed in hybrid mode, indicating both physical and virtual hearing options.

Topics: Insolvency Proceedings, NCLAT Adjournment, Corporate Debtor