Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 21, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi is hearing an appeal filed by Riddhi Siddhi Developers Pvt. Ltd. against Raghuleela Builders Pvt. Ltd., which is undergoing corporate insolvency resolution process represented by its Resolution Professional Vandana Garg/Shailesh Balachandra Desai. The appeal is registered as Comp. App. (AT) (Ins) No. 1970 of 2025. Multiple interlocutory applications (I.A. Nos. 7687, 7688, 7689, 7690 of 2025 and I.A. No. 413 of 2026) are also pending in this matter. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical).
Final Outcome
The NCLAT bench adjourned the hearing of the appeal due to lack of time on September 21, 2026. The matter has been listed for next hearing on October 9, 2026. No substantive order was passed on the merits of the case or the pending interlocutory applications.
Topics: Insolvency Appeal, Real Estate Dispute, NCLAT Proceeding