Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has issued a procedural order listing three interconnected Company Appeals for hearing on 6th November 2026. The appeals involve insolvency proceedings related to real estate developers under the Xrbia group.
Company Appeal (AT) (Insolvency) No. 1536 of 2025 is filed by Asset Reconstruction Company (India) Ltd. (ARCI) as the appellant against Mr. Vikas Gopichand Khiyani, the Interim Resolution Professional (IRP) of Xrbia Warai Developers Pvt. Ltd.
Company Appeal (AT) (Insolvency) No. 1537 of 2025 is also filed by ARCI as the appellant, this time against Mr. Sanjay Vijay Jeswani, the IRP of Xrbia North Hinjewadi Developers Pvt. Ltd.
Company Appeal (AT) (Insolvency) No. 1026 of 2026 has Golden Years Properties Pvt. Ltd. as the appellant, with Asset Reconstruction Company (India) Ltd. and another party listed as respondents.
Legal representation includes Mr. Shivansh Bhatt and Mr. Gaurav Jalendra, Advocates for the IRP in the first appeal, and Mr. Amir Arsiwala, Mr. Yash Jariwal, Ms. Neha Arya, Mr. Vishnuj Shriram, Ms. Vidisha T., and Mr. Govinda A., Advocates in the subsequent appeals.
The order was passed in hybrid mode by a bench consisting of Justice Yogesh Khanna (Officiating Chairperson) and Mr. Barun Mitra (Member - Technical).
Final Outcome
The NCLAT has scheduled all three appeals for hearing on 6th November 2026. This is a procedural listing order that does not decide the merits of the cases but simply sets them for future hearing.
Topics: Insolvency Proceedings, Real Estate Disputes, NCLAT Appeals