Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 11, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1970 of 2025 along with several interlocutory applications (I.A. No. 7687, 7688, 7689, 7690 of 2025 & 413 of 2026). The appeal was filed by Riddhi Siddhi Developers Pvt. Ltd. (Appellant) against Raghuleela Builders Pvt. Ltd. through its Resolution Professional Vandana Garg/Shailesh Balachandra Desai (Respondent). The matter involves corporate insolvency proceedings under the Insolvency and Bankruptcy Code.
Final Outcome
The 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 September 21, 2026. No substantive hearing occurred, and no decision was rendered on the merits of the case.
Topics: Insolvency Appeal, Real Estate Dispute, Procedural Adjournment