Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard a cluster of nine interconnected appeals (Comp. App. (AT) (Ins) Nos. 687, 688, 689, 690, 691, 702, 1981, 1770 of 2025 and No. 23 of 2026) along with their respective Interlocutory Applications. The appellants are various individuals, including T.R. Mittal, Monika Jain, Pinki Jindal, Nitin Bansal, Jatin Goyal, Vinay Aggarwal, Vikas Arora, and Varsha Jain. The common respondent in most appeals is Ayyagari Viswanadha Sarma, the Resolution Professional (RP) of Unibera Developers Pvt. Ltd., a company undergoing Corporate Insolvency Resolution Process (CIRP). One appeal (No. 23 of 2026) is against a Joint Venture of Mahi Buildhome Pvt. Ltd. and First Forge Ltd. The nature of the disputes involves challenges to actions or decisions taken by the Resolution Professional in the insolvency process of the real estate company, Unibera Developers Pvt. Ltd.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), adjourned the hearing of all appeals due to a lack of time. The tribunal ordered that all matters be listed next on 5th October 2026 for further proceedings. No substantive orders on the merits of the cases were passed in this hearing.
Topics: Insolvency Litigation, Real Estate, NCLAT