Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 06 July 2026
Case Overview
This document is a procedural order from the NCLAT Principal Bench concerning four interlinked Company Appeals (AT) (Insolvency). The appeals are Comp. App. (AT) (Ins) No. 401 of 2026, 408 of 2026, 430 of 2026, and 431 of 2026. The common respondent in all appeals is Jitendra Lohia, the Erstwhile Resolution Professional (RP) of the Corporate Debtor, Multiple Hotels Pvt. Ltd. The appellants challenging the RP's actions are:
- Jaimatarani Homes Pvt. Ltd. (Appeal 401/2026)
- Partha Paul, an individual (Appeal 408/2026)
- KCGP Developers Pvt. Ltd., through its Authorised Representative Suraj Jhunjhunwala (Appeals 430/2026 & 431/2026)
The legal representation for the appellants includes Mr. Bharat Sood for Jaimatarani Homes, and a team led by Mr. Niladri Bhattacharjee for Partha Paul. Mr. Ashutosh Gupta represented KCGP Developers in its appeals. The Financial Creditors (FC) among the respondents were represented by Mr. Abhinav Agrawal and Mr. Piyush Bhardwaj.
The nature of the dispute pertains to the insolvency resolution process of Multiple Hotels Pvt. Ltd. The appellants are challenging certain actions or decisions taken by the erstwhile Resolution Professional, Jitendra Lohia, during the process. The specific allegations or legal questions are not detailed in this procedural order.
Final Outcome
The two-member bench, comprising Justice N Seshasayee (Member-Judicial) and Mr. Barun Mitra (Member-Technical), did not issue any substantive ruling, penalty, or direction on the merits of the case. The order solely lists the matter for the next hearing on 17th August 2026. This is a procedural adjournment.
Topics: Insolvency Litigation, Corporate Debt Resolution