Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 22 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Company Appeal (AT) (Insolvency) No. 1117 of 2026 along with two Interlocutory Applications (I.A. No.4147 and I.A. No.4370 of 2026). The appeal involves IIFL Home Finance Ltd as the appellant and Pashmina Realty Pvt. Ltd. as the respondent. The matter was heard in hybrid mode with legal representation from both parties: Mr. Gulshan Kr. Sachdev, Advocate appearing for the appellant (IIFL Home Finance Ltd) and Mr. Aman Malik, Advocate appearing for respondent no. 1 (Pashmina Realty Pvt. Ltd.).
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Ajai Das Mehrotra (Member - Technical) did not pass any substantive order on the merits of the case. The bench cited "No time left" as the reason and listed the appeal for next hearing on 16 November 2026. The order was merely procedural to adjourn the matter to a future date.
Topics: Insolvency Appeal, Real Estate Dispute, NCLAT Proceedings