Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 27 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two interconnected insolvency appeals:
1. Comp. App. (AT) (Ins) No. 2358 of 2024 & I.A. No. 5600 of 2025, 4917, 5001 of 2026: Filed by Sudeep Jain HUF (through authorized representative Ritika Jain) as Appellant versus Value Infracon Pvt. Ltd. & Anr. as Respondents.
2. Comp. App. (AT) (Ins) No. 2359 of 2024 & I.A. No. 5615 of 2026: Filed by Vastu Real Estate Pvt. Ltd. as Appellant versus Value Infracon Pvt. Ltd. & Anr. as Respondents.
Representation was present for both parties with Ms. Ishita Agarwal, Advocate appearing for the Appellants and Mr. Neeraj Kr. Gupta, Advocate appearing for the Respondents.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical) passed a procedural order adjourning the hearing. The order states "No time left. List these appeals on 08.10.2026." The matters are now scheduled for next hearing on October 8, 2026.
Topics: Insolvency Proceedings, Real Estate Dispute, NCLAT Adjournment