Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 23 July 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Insolvency) No. 879 of 2026. The appellant is Santosh Sarda. The respondents are Avil Jerome Menezes, the Resolution Professional for Radius & Deserve Land Developers Pvt. Ltd., and another respondent. The appeal relates to an Corporate Insolvency Resolution Process (CIRP) involving the corporate debtor, Radius & Deserve Land Developers Pvt. Ltd. During the hearing, counsels submitted that a resolution plan for the corporate debtor has been approved. The counsel for the Resolution Professional indicated a need to take instructions on whether the Resolution Professional will defend this appeal.
Final Outcome
The NCLAT bench, comprising Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member (Technical)), and Ajai Das Mehrotra (Member (Technical)), did not issue a ruling on the merits of the appeal. The tribunal adjourned the hearing and listed this appeal to be heard next on 11 August 2026, along with the connected matter, Company Appeal (AT) (Ins.) No.803 of 2026. The final outcome of the appeal remains pending.
Topics: Insolvency, NCLAT, Real Estate