Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard three consolidated company appeals related to insolvency matters. The appeals included Company Appeal (AT) (Insolvency) No. 2151 of 2024 with I.A. Nos. 8010, 8011, and 8012 of 2024 (Paradise Systems Pvt Ltd & Anr. versus Aadhar Infraholding Ltd & Ors.), Company Appeal (AT) (Insolvency) No. 705 of 2023 (Energy Savings India Pvt. Ltd. versus BDR Builders and Developers Pvt. Ltd. & Ors.), and Company Appeal (AT) (Insolvency) No. 706 of 2023 (Rahul Kumar Sharma versus BDR Builders and Developers Pvt. Ltd. & Ors.).
No legal representatives were present for any of the appellants or respondents during the proceedings. The bench noted that due to paucity of time, the matters could not be taken up for hearing on the scheduled date.
Final Outcome
The NCLAT adjourned all three appeals and listed them for the next hearing on 17 November 2026. The order was issued by a three-member bench consisting of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Topics: Insolvency Appeals, NCLAT Proceedings, Case Adjournment