Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard three interconnected company appeals related to insolvency matters. The appeals include:
- Company Appeal (AT) (Insolvency) No. 2151 of 2024 with I.A. No. 8010, 8011, 8012 of 2024: Paradise Systems Pvt Ltd & Anr. (Appellants) versus Aadhar Infraholding Ltd & Ors. (Respondents)
- Company Appeal (AT) (Insolvency) No. 705 of 2023: Energy Savings India Pvt. Ltd. (Appellant) versus BDR Builders and Developers Pvt. Ltd. & Ors. (Respondents)
- Company Appeal (AT) (Insolvency) No. 706 of 2023: Rahul Kumar Sharma (Appellant) versus BDR Builders and Developers Pvt. Ltd. & Ors. (Respondents)
During the hearing conducted in hybrid mode, no representatives appeared for any of the appellants or respondents in any of the three appeals. The bench noted that due to paucity of time, the matters could not be taken up for substantive hearing.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) adjourned all three appeals to 17 November 2026 for next hearing. The order represents a procedural adjournment without any substantive decision on the merits of the cases.
Topics: Insolvency Appeals, NCLAT Proceedings, Legal Adjournment