Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard three interconnected insolvency appeals:
1. Comp. App. (AT) (Ins) No. 202 of 2025: Asha Garg (Suspended Management of VV Multiplex Pvt. Ltd.) versus Ashok Kumar Goyal & Others
2. Comp. App. (AT) (Ins) No. 223 of 2025: RP of Vikas Multiplex Developers Pvt. Ltd. & Others versus unspecified respondents
3. Comp. App. (AT) (Ins) No. 431 of 2025: Bal Raj Singh & Others versus Ritu Rastogi (RP of Vikas Multiplex Developers Pvt. Ltd., now known as VV Multiplex Developers Pvt. Ltd.) & Others
Multiple legal representatives appeared for the parties:
- For appellants: Mr. Ishan Roy Chowdhury, Ms. Muskan Khatana, Mr. Saurabh Kalia, Mr. Saikat Sarkar, and Ms. Bhavya Khatruja
- For respondents: Mr. Harshit Khare, Mr. Prafful Saini, and Mr. Ayuj Aggarwal (for RP); Mr. Adhish Srivastava and Mr. Kartikaya Gautam (for SRA); Mr. Kunal Godhwani, Mr. Ankur Anand, and Ms. Devisi Bhuwalka (for various respondents)
The proceedings involved corporate insolvency matters related to VV Multiplex Pvt. Ltd. and Vikas Multiplex Developers Pvt. Ltd. (now known as VV Multiplex Developers Pvt. Ltd.).
Final Outcome
The three-member bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) ordered that all three appeals be listed again on 08.09.2026. The order was passed in hybrid mode.
This content may not be financially relevant as it represents a procedural adjournment without substantive financial or operational decisions.
Topics: Insolvency Proceedings, NCLAT Adjournment, Corporate Legal Dispute