Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 20 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Yogesh Khanna (The Officiating Chairperson) and Ajai Das Mehrotra (Member Technical), heard three interconnected company appeals related to insolvency matters. The appeals are Company Appeal (AT) (Insolvency) No. 1028 of 2026 (Catalyst Trusteeship Ltd. vs. Neelkanth Realtors Ltd. & Anr.), Company Appeal (AT) (Insolvency) No. 987 of 2026 with I.A. No. 3931, 5376, 5377 of 2026 (Bhavik Bhimjyani vs. Catalyst Trusteeship Ltd. & Anr.), and Company Appeal (AT) (Insolvency) No. 988 of 2026 with I.A. No. 5378, 5379 of 2026 (Neelkanth Realtors Ltd. vs. Catalyst Trusteeship Ltd. & Anr.).
The matters were represented by multiple advocates: Mr. Varun Kalra and Mr. Pranav Khanna represented Catalyst Trusteeship Ltd., while Mr. Abhijeet Sinha (Senior Advocate) with Mr. Vishesh Kalra, Mr. Meghal Pancholi, and Ms. Simran Shadija represented Neelkanth Realtors Ltd. Additional advocates Ms. Abha Patel, Mr. Urvaksh Baria, and Mr. Snehal Kandar were also present.
Final Outcome
The tribunal ordered that the matters be listed again on 29 September 2026. The existing interim order was directed to continue until the next hearing date. No substantive decisions on the merits of the appeals were made in this order, which primarily addresses procedural scheduling and continuation of interim relief.
Topics: Insolvency Proceedings, NCLAT Hearing, Real Estate Dispute