Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 27, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued a procedural order in Company Appeal (AT) (Insolvency) No. 323 of 2025. The appeal involves an insolvency matter between Shubham Projects Pvt. Ltd. (Appellant) and Mahavir Hanuman Developers Pvt. Ltd. (Respondent). Two interlocutory applications, I.A. No. 1217 and I.A. No. 7625 of 2025, are also associated with this appeal. The matter was heard by a three-member bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical). Legal representation was present for both parties: Mr. Vishal Ganda, Ms. Chhavi Jain, and Mr. Aseem Shrivastava represented the Appellant, while Mr. Gursat Singh and Mr. Aryendra Singh represented the Respondent.
Final Outcome
The Tribunal has adjourned the hearing and listed the appeal for the next hearing on September 11, 2026. This is a procedural order that does not address the substantive merits of the case but merely schedules the next hearing date.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation