NCLAT Continues Interim Order in Imagine Group Insolvency Appeals

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

Order Date: 24 August 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard four interconnected insolvency appeals filed by Bindu Kapoor, the suspended director of four Imagine Group companies. The appeals challenge actions or decisions involving Mamta Binani, who serves as the Interim Resolution Professional for all four companies. The appeals involve Imagine Estate Pvt. Ltd. (Comp. App. (AT) (Ins) No. 933 of 2026), Imagine Home Pvt. Ltd. (Comp. App. (AT) (Ins) No. 934 of 2026), Imagine Residence Pvt. Ltd. (Comp. App. (AT) (Ins) No. 935 of 2026), and Imagine Habitat Pvt. Ltd. (Comp. App. (AT) (Ins) No. 943 of 2026). The tribunal was presided over by Justice Yogesh Khanna (Officiating Chairperson) along with Barun Mitra (Member Technical) and Ajai Das Mehrotra (Member Technical).

Final Outcome

The NCLAT directed that these appeals be listed again for hearing on 25th August, 2026 at 12:00 PM. The tribunal ordered that the existing interim order shall continue until the next hearing date. The order does not specify the nature of the interim relief that was previously granted or the specific grounds of the appeals.

Topics: Corporate Insolvency, Real Estate, NCLAT Proceedings