Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 21, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 1970 of 2025 along with multiple interim applications (I.A. No. 7687, 7688, 7689, 7690 of 2025 & 413 of 2026). The appeal involves Riddhi Siddhi Developers Pvt. Ltd. as the appellant and Raghuleela Builders Pvt. Ltd. through its resolution professional Vandana Garg/Shailesh Balachandra Desai as the respondent. The matter represents corporate insolvency proceedings under the Insolvency and Bankruptcy Code.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Arun Baroka (Member Technical) adjourned the hearing due to time constraints. The appeal has been listed for next hearing on October 9, 2026. Both parties were represented by legal counsel - Ms. Priyanka Vora and Ms. Anshika Prakash for the appellant, and Mr. Rajeev Kumar Panday for the respondent. The order was passed in hybrid mode.
Topics: Insolvency Appeal, Real Estate Dispute, NCLAT Proceedings