Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 7, 2026
Case Overview
This appeal, Company Appeal (AT) (Ins.) No. 1887 of 2026, involves Radhey Krishna Technobuild Pvt. Ltd. as the appellant challenging matters related to the corporate insolvency resolution process where Ashish Singh serves as the Resolution Professional. The tribunal noted that while the resolution plan has been approved, the Successful Resolution Applicant (SRA) was not made a party to the appeal despite being a proper and necessary party. The appellant was represented by advocates Mr. Pulkit Deora and Mr. Vinamra Kothari, while the respondent Resolution Professional was represented by Mr. Sumant Batra, Mr. Sarthak Bhandari, and Ms. Riya Kaur Arora.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) directed the appellant to file an amended memo of parties within three days from October 7, 2026, arraying the SRA as Respondent No. 2. The respondents, including the newly impleaded SRA, were granted two weeks to file their reply with an advance copy to the appellant's counsel, who may then file a rejoinder within one week thereafter. The appeal has been listed for admission hearing on November 20, 2026.
Topics: Insolvency Appeal, NCLAT Procedure, Party Impleadment