Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected appeals related to insolvency proceedings involving Planet Builders. The first appeal (Comp. App. (AT) (Ins) No. 197 of 2025) was filed by Nisha Chandwani against Planet Builders & Another, accompanied by three interim applications (I.A. Nos. 776, 777, and 778 of 2025). The second appeal (Comp. App. (AT) (Ins) No. 2035 of 2024) was filed by Mahesh Chandwani & Another against Arun Kapoor & Others, accompanied by one interim application (I.A. No. 2890 of 2025). Both matters were represented by the same legal counsel, with Mr. Bishwajit Dubey and Mr. Kaustubh Rai appearing for the appellants, and Mr. Sumant Batra, Senior Advocate, with Mr. Sarthak Bhandari and Ms. Riya Kaur Arora appearing for Respondent No. 1/Resolution Professional.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) noted that there was "no time left" to hear the matters on the scheduled date. Consequently, both appeals along with their accompanying interim applications were adjourned and listed for next hearing on August 24, 2026. The order was passed in hybrid mode.
Topics: NCLAT Proceedings, Insolvency Appeal, Adjournment