Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two interconnected appeals related to the insolvency proceedings of Simm Samm Hotels Pvt. Ltd. The first appeal, Comp. App. (AT) (Ins) No. 563 of 2026, was filed by Shrikant Badve through his holder of power of attorney, Mr. Amit Joshi. The second appeal, Comp. App. (AT) (Ins) No. 595 of 2026 along with I.A. No. 2298 of 2026, was filed by Shammee Swaran Salaria. Both appellants are challenging actions or decisions related to the corporate insolvency resolution process of Simm Samm Hotels Pvt. Ltd., where Sanjay Kumar Mishra is serving as the Resolution Professional. The legal representation for the appellants included Mr. J. Rajesh, G. Ahiruth, Md. Arsalan Ahmed, Yashwardhan Aggarwal, and Ali Abbas Masoodi for Salaria. The respondents were represented by Adv. Shreedhar Gaggar for Respondents 2 and 3, and Mr. Ishaan Duggal and Ruchi Goyal for Respondent 4.
Final Outcome
The bench, comprising Justice N Seshasayee (Member - Judicial) and Barun Mitra (Member - Technical), passed a procedural order adjourning the hearing. Both appeals have been listed for the next hearing on 24th August, 2026. No substantive decisions on the merits of the appeals were made in this order.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Law