NCLAT Continues Interim Order in Imagine Group Appeals

Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: 09 October 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard four connected appeals (Comp. App. (AT) (Ins) No. 933, 934, 935, and 943 of 2026) filed by Bindu Kapoor, the suspended director of four Imagine Group companies, against Mamta Binani, the Interim Resolution Professional (IRP) for these companies, and other respondents. The appeals involve corporate insolvency resolution proceedings for Imagine Estate Pvt. Ltd., Imagine Home Pvt. Ltd., Imagine Residence Pvt. Ltd., and Imagine Habitat Pvt. Ltd. The tribunal heard arguments from senior advocates representing both parties, including Mr. Krishnendu Datta for the appellant in the lead matter and Mr. Sandeep Bajaj and Mr. Abhijeet Sinha for the respondents.

Final Outcome

The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) reserved judgment in all four matters. The tribunal directed all parties to file short submission notes of not more than three pages each within one week. The existing interim order was directed to continue until further notice.

Topics: Corporate Insolvency, Real Estate Sector, Legal Proceedings