Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: August 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard a cluster of interconnected appeals related to the insolvency proceedings of Japna Estates Pvt Ltd. The appeals comprise:
- Comp. App. (AT) (Ins) No. 879 of 2025 & I.A. No. 809 of 2026: Japna Estates Pvt Ltd (Appellant) versus Vikky Dang & Anr. (Respondents)
- Comp. App. (AT) (Ins) No. 880 of 2025 & I.A. No. 7577 of 2025, 810 of 2026: Japna Estates Pvt Ltd (Appellant) versus Harender Singh Khokhar & Ors. (Respondents)
- Comp. App. (AT) (Ins) No. 1076 of 2025: Vikky Dang (AR of the Homebuyers) (Appellant) versus Shailendra Singh & Ors. (Respondents)
The proceedings involve the corporate debtor, Japna Estates Pvt Ltd, its homebuyers (represented by Vikky Dang), and the Resolution Professional (RP), Mr. Shailendra Singh. Senior advocates Mr. P. Nagesh and Mr. Krishnendu Datta represented the appellant company, Japna Estates. Advocates Mr. Karan Gandhi and others represented the homebuyers (Respondent 1 in the first appeal). Mr. Neeraj Malhotra, Sr. Advocate, appeared for the Resolution Professional, Mr. Shailendra Singh, who was also present in person.
The order issued on August 3, 2026, is purely procedural and does not contain any substantive findings, reasoning, or conclusions on the merits of the disputes or allegations.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), adjourned the hearing. The matters were directed to be listed next on August 13, 2026, and were marked to be "high on board." No penalties, settlements, or other directions were issued in this order.
Topics: Insolvency Proceeding, Real Estate, NCLAT