Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard five interconnected appeals (Comp. App. (AT) (Ins) Nos. 1514, 1515, 1516, 1517 of 2026 and Comp. App. (AT) (Ins) No. 1659 of 2026 with I.A. No. 6333 of 2026) related to the corporate insolvency resolution process of Avani Projects & Infrastructure Ltd. The appellants include State Bank of India (in two appeals), Adone Hotels & Hospitality Ltd (formerly DLF Hilton Hotels Ltd, in two appeals), and Kolkata Municipal Corporation (in one appeal). The common respondent across all appeals is Ajay Kumar Agarwal, who serves as the Resolution Professional for Avani Projects & Infrastructure Ltd.
The matters were represented by multiple senior advocates and legal teams. For State Bank of India, advocates included Ms. Sabhya Jain, Ms. Anshuli, and Mr. Amit Kumar. For Adone Hotels & Hospitality Ltd, representation was led by Sr. Advocates Mr. Arun Kathpalia and Mr. Amit Prasad with a team of advocates. For Kolkata Municipal Corporation, representation was led by Sr. Advocate Mr. Rana Mukherjee. The Resolution Professional Ajay Kumar Agarwal was represented by Sr. Advocate Mr. Abhijeet Sinha with a team of advocates across all appeals.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) granted the respondents one week to file certain documents that are part of the NCLT records. All five connected matters have been adjourned and listed for next hearing on 29 September 2026 at 12:00 noon. The order represents a procedural adjournment to allow for document submission rather than a substantive decision on the merits of the appeals.
Topics: Corporate Insolvency, NCLAT Proceedings, Multiple Appeals