Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 09.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1855 of 2026, an insolvency appeal filed by Shyam Arora (Appellant) against Orange Castle Pvt. Ltd. & Ors. (Respondents). The appeal involves multiple parties including a Sole Resolution Applicant (SRA) and homebuyers. Representation included Mr. Sumant Batra, Mr. Sarthak Bhandari, and Ms. Riya Kaur Arora for the Appellant; Mr. Rajan Kumar Hans for the SRA; Mr. Sarthak Mangla for homebuyers; Mr. Anil Jindal as Caveator; and Mr. Vipul Ganda, Sr. Adv. with a team of advocates for other respondents.
Final Outcome
The two-member bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) noted "No time left" and adjourned the hearing. The appeal was listed for the next hearing on 12.10.2026 under the same caption. The order was passed in hybrid mode.
Topics: Insolvency Appeal, Real Estate Dispute, NCLAT Proceeding