Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15.10.2026
Case Overview
This is an appeal filed by Amarpal, the erstwhile Resolution Professional (RP) of SRS Real Infrastructure Limited, against an impugned order. The appeal is registered as Company Appeal (AT) (Ins.) No. 1983 of 2026. The appellant, Amarpal, appeared in person. The respondents include SRS Real Infrastructure Limited (through its current Resolution Professional) and several others, represented by various advocates. During the hearing, counsel for the respondents raised various objections regarding the maintainability of the appeal and the locus standi of the appellant to file it.
Final Outcome
The Tribunal admitted the appeal for consideration. It issued formal notice to all respondents. Advocates representing Respondent No. 1, 2, 3, 7, and 12 accepted notice and were granted two weeks to file their replies, specifically addressing the objections on the appeal's maintainability and the appellant's locus. The appellant is granted one week thereafter to file a rejoinder. Notice was also ordered to be issued to the remaining respondents, with steps and process fee to be completed within three working days. Furthermore, the Tribunal directed the appellant to amend the memo of parties to array the SRS Corporate Tower Association as Respondent No. 13 within three working days, as its application (I.A. No.845 of 2023) was also allowed by the impugned order under challenge. The newly added respondent may also file a reply. The appeal has been listed for the next hearing on 20.11.2026.
Topics: NCLAT, Corporate Insolvency, Legal Appeal