Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 18 September 2026
Case Overview
This is a procedural order in an appeal (Comp. App. (AT) (Ins) No. 1737 of 2026) filed by Vijender Sharma, the Liquidator of Iceberg Developers Pvt. Ltd., against Respondents Radha Kishan @ Radha Krishan & Ors. The matter arises from proceedings CP(IB)-312(ND)/2021 before the Adjudicating Authority. During the hearing, counsel for the respondents (1 to 8 and 9) received notice and were granted two weeks to file their replies. The appellant's counsel may file a rejoinder within one week after receiving the replies.
A separate application was made by Shri Ali Abbas, representing M/s Arora Realtech Pvt. Ltd., Mr. Dharam Kishan, and Mr. Mukesh Kumar. He informed the tribunal that these parties had previously filed IA-1147/2025 in the original case (CP(IB)-312(ND)/2021) and are therefore necessary parties to this appeal. He sought permission to file an application for intervention or impleadment.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical), permitted Shri Ali Abbas to file an appropriate application for intervention/impleadment on behalf of M/s Arora Realtech Pvt. Ltd., Mr. Dharam Kishan, and Mr. Mukesh Kumar. This application must be filed within one week from the order date (18.09.2026), with an advance copy provided to all counsels. The tribunal listed the matter for the next hearing on 14 October 2026. The order was passed without prejudice to the objections regarding the proposed intervener's locus standi, which were raised by the appellant's senior counsel.
Topics: Insolvency, Liquidation, NCLAT Procedure