Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals filed by Adone Hotels & Hospitality Ltd. (formerly known as DLF Hilton Hotels Ltd.) against Ajay Kumar Agarwal, the Resolution Professional of Avani Projects & Infrastructure Ltd., and other respondents. The appeals, numbered Company Appeal (AT) (Insolvency) No. 1516 of 2026 and Company Appeal (AT) (Insolvency) No. 1517 of 2026, relate to corporate insolvency resolution proceedings concerning Avani Projects & Infrastructure Ltd.
The appellant was represented by Senior Advocate Mr. Arun Kathpalia along with a team of advocates including Mr. Shaunak Mitra, Mr. Shounak Mitra, Mr. Anuj Tiwari, Mr. Dripto Majumdar, Mr. Keshav Tibarewalla, Ms. Diksha Gupta, and Mr. Shivendra Nath Mishra. The respondents were represented by Mr. Rishav Banerjee, Mr. Supriyo Gole, Mr. Arijit Mazumdar, Ms. Madhuja Sarman, and Ms. Anoushka Dey, with Resolution Professional Mr. Ajay Kumar Agarwal appearing in person. The Committee of Creditors (CoC) was represented by Senior Advocate Mr. P. Nagesh with advocates Mr. Piyush Agrawal, Ms. Shrivalli Kajaria, Ms. Anju Thomas, Mr. Shreyas Awasthi, and Mr. Krishnav Koukham Gogoi. Respondent-3 was represented by Mr. Shambo Nandy.
The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member - Technical), and Ajai Das Mehrotra (Member - Technical).
Final Outcome
The NCLAT directed that both appeals be listed for hearing on 11 September 2026. This is a procedural order that adjourns the matter to the specified date without making any substantive determinations on the merits of the appeals.
Topics: Corporate Insolvency, Legal Proceedings, NCLAT