Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals related to the insolvency proceedings of Rudra Buildwell Constructions Pvt. Ltd. Company Appeal (AT) (Insolvency) No. 778 of 2024 was filed by Vaibhav Aggarwal, suspended Director & Shareholder of Rudra Buildwell Constructions Pvt. Ltd. Company Appeal (AT) (Insolvency) No. 780 of 2024 was filed by Rudra Home Buyers Welfare Association through its General Secretary. Both appeals are against Priti Rawat Pandey & Others. The appeals were represented by multiple advocates for both appellants and respondents, including representation for the Interim Resolution Professional.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) adjourned both appeals to September 30, 2026. The interim order currently in place will continue until the next hearing date. No substantive decisions on the merits of the appeals were made in this order.
Topics: Insolvency Proceedings, Real Estate Dispute, NCLAT Adjournment