Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 29 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has listed an appeal filed by Vishal Sharma, the suspended director of Hotel Horizon Pvt. Ltd., for hearing on 10 August 2026 at 3:00 PM. The appeal is filed against a consortium consisting of Oberoi Realty Ltd., Shree Aman Developers Pvt. Ltd., and JM Financial Properties and Holdings Ltd., along with other respondents. The case appears to be related to corporate insolvency proceedings given the nature of the tribunal and the parties involved.
Multiple legal representatives appeared for the parties during the hearing. For the appellant (Vishal Sharma), Mr. Abhishek Anand, Mr. Aditya Shukla, and Ms. Palak Kalra represented as advocates. For the respondents, Mr. Arun Kathpalia (Senior Advocate) with a team of advocates represented Respondent 1, another team of advocates represented Respondent 2, and Mr. Abhinav Vashisht (Senior Advocate) with a team represented Respondent 3.
The order was passed by a bench consisting of Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) in hybrid mode.
Final Outcome
The NCLAT has scheduled the next hearing of the appeal for 10 August 2026 at 3:00 PM. No substantive decisions or rulings on the merits of the case were made in this order, which serves primarily as a procedural scheduling directive.
Topics: NCLAT Proceedings, Corporate Insolvency, Real Estate Dispute