Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Comp. App. (AT) (Ins) No. 14 of 2025 along with I.A. No. 58 of 2025. The appeal was filed by Phenix Building Solutions Pvt. Ltd. (Appellant) against Rajgreen Amusement Park Pvt. Ltd. (Respondent). The matter was heard in hybrid mode with legal representation from both sides. For the Appellant, Ms. Anushree Kapadia, Mr. Pranay Bhardwaj, and Ms. Pragya Jashwah appeared as advocates. For the Respondent, Mr. Arjun Sheth and Mr. Rishabh Shah appeared as advocates. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical).
Final Outcome
The NCLAT bench adjourned the hearing due to time constraints and listed the appeal for next hearing on September 25, 2026. No substantive hearing or decision on merits occurred during this proceeding.
Topics: NCLAT Proceeding, Insolvency Appeal, Adjournment