Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 28 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1190 of 2026, an appeal filed by Sanjay Vijay Jeswani, the Erstwhile Resolution Professional of Xrbia North Hinjewadi Developers Pvt. Ltd., against Asset Reconstruction Company (India) Ltd. & Anr. (Respondents). The appeal arises from insolvency proceedings involving Xrbia North Hinjewadi Developers Pvt. Ltd. The appellant was represented by counsel Mr. Marinder Singh, Mr. Rajat Bhardwaj, Mr. Vineet Singh, Ms. Ekta Choudhary, Mr. Gaurav Raj Grover, and Ms. Rushali Sikand. The respondents' appearance was not marked in the order.
Final Outcome
The Tribunal, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), adjourned the hearing citing "No time left." The appeal has been listed for next hearing on 14 August 2026. This is a procedural order for scheduling purposes only, with no substantive decision on the merits of the case.
Topics: Insolvency Appeal, Real Estate, NCLAT