Case Details

This document is an order from the National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi, dated May 26, 2026. It pertains to multiple interconnected Company Appeals and Contempt Cases listed for hearing. The primary case numbers are Comp. App. (AT) (Ins) No. 983 of 2021, 984 of 2021, 1061 of 2021, 1063 of 2021, 66 of 2022, 1892 of 2024, and 982 of 2021, along with associated Interlocutory Applications (I.A.s) and Contempt Cases (Contempt Case (AT) No. 17 of 2022, 21 of 2022, and 15 of 2023). The matters are all related to the Corporate Insolvency Resolution Process (CIRP) of Shree Ram Urban Infrastructures Ltd.

Parties Involved

The appeals involve multiple parties across the various cases:

Appellants:

  • Truvisory Insolvency Professional Pvt. Ltd. (in its capacity as the Resolution Professional of Shree Ram Urban Infrastructures Ltd.)
  • Urbanbliss Realty Services Pvt. Ltd.
  • Vikas Kasliwal
  • Sammaan Capital Ltd.

Respondents:

  • India Bulls Housing Finance Ltd. (a financial creditor)
  • Various other parties denoted as 'Ors.' (Others)

In the contempt cases, the applicants are Urbanbliss Realty Services Pvt. Ltd., and the contemnors/respondents are named as Sri Gopal Choudhary and Indiabulls Housing Finance Ltd. & Anr.

Legal representation was present for all parties from multiple law firms and advocates, including Mr. Milan Singh Negi, Mr. Rubin Vakil, Mr. Shoma Maitra Fernandez, Mr. NPS Chawla, and Mr. Arav Pandit, among others.

Final Ruling & Enforcement

The Tribunal, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), passed a brief procedural order. The order states, "No time left. List these appeals on 21.07.2026, high on board." This indicates that the hearing scheduled for May 26, 2026, could not proceed due to a lack of time in the court's schedule. Consequently, all the aforementioned appeals and connected applications have been adjourned and are now listed for the next hearing on July 21, 2026. The annotation "high on board" suggests these cases will be given priority on the next hearing date. No substantive decisions on the merits of the appeals or contempt allegations were made in this order.