Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 15, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 126 & 127 of 2025 along with I.A. No. 474, 475, and 548 of 2025. The proceedings involved Sapan Mohan Garg as the Resolution Professional (RP) of Leading Hotels Ltd. and other respondents. Multiple advocates represented the parties, including Ms. Manini Shah for the appellant, Mr. Palash Singhai, Mr. Harshal Sareen, and Ms. Aashima Gautam for Respondent-1 (RP), and Mr. Anirudh Bhat, Mr. Siddarth Aggarwal, Mr. Sanidhya Kumar, Ms. Kanak Bathwal, and Mr. Mohit Rai for Respondent-4.
The hearing was conducted in hybrid mode before a bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Final Outcome
The NCLAT adjourned the appeal due to time constraints, listing it for the next hearing on October 12, 2026. No substantive decisions or rulings on the merits of the case were made in this order.
Topics: Insolvency Proceedings, Corporate Litigation, Hospitality Sector