Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1854 of 2026 involving LIC Housing Finance Ltd. as the appellant (secured financial creditor) and multiple respondents including Shyam Arora (Resolution Professional for SRS Real Estate) and other parties. The appeal relates to insolvency proceedings concerning the corporate debtors of SRS Real Estate Ltd. Multiple legal representatives appeared for the respondents, including Mr. Rajan Kumar Hans (Advocate for SRA), Mr. Sarthak Mangla (Advocate for homebuyers), Mr. Anil Jindal (Caveator), and Mr. Vipul Ganda (Senior Advocate) with a team of junior advocates. The appellant's appearance was not marked in the order.
Final Outcome
The tribunal adjourned the hearing due to time constraints and listed the appeal for the next hearing on October 12, 2026, under the same caption. The order was issued by Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Topics: Insolvency Appeal, Real Estate Dispute, Financial Creditor Rights