Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 10 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 566 of 2026, an appeal filed by Vishal Sharma, Suspended Director of Hotel Horizon Pvt. Ltd., against a consortium of respondents including Oberoi Realty Ltd., Shree Aman Developers Pvt. Ltd., and JM Financial Properties and Holdings Ltd. The proceedings concern the admission of the appeal in an insolvency matter.
Senior Counsel Mr. Arun Kathpalia, representing Respondent No. 1, completed his submissions during the hearing. Due to time constraints, other respondents could not present their arguments. All parties agreed that arguments were being heard specifically on the issue of issuance of notice/dismissal of the appeal for admission purposes.
The Tribunal noted that ten other connected appeals (Comp. App. (AT) (Ins) No. 1990 of 2025, No. 250 of 2026, No. 1126 of 2025, No. 1169 of 2025, No. 1170 of 2025, No. 1201 of 2025, No. 1991 of 2025, No. 106 of 2026, No. 107 of 2026, and No. 114 of 2026) are to be heard and decided separately from the current appeal.
Final Outcome
The Tribunal delinked Comp. App. (AT) (Ins) No. 566 of 2026 from the other ten connected appeals. The case has been listed for further submissions on the admission of the appeal on August 12, 2026, at 3:00 PM.
Topics: Insolvency Appeal, Corporate Litigation, Real Estate Dispute