NCLAT Principal Bench issues procedural orders across 12 interconnected appeals related to Hotel Horizon Pvt Ltd insolvency proceedings.
Tribunal grants extensions for filing documentary evidence, replies, rejoinders, and certified copies of impugned orders in multiple appeals.
Pleadings declared complete in five appeals while others are adjourned to August 20, 2026 for further hearing.
Case involves multiple parties including Sagar Sharma, Asset Care Reconstruction, JM Financial ARC, and CFM ARC.