Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 25.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi is hearing Company Appeal (AT) (Ins) No.31 of 2025. The appellant is Shahi Realtech Pvt. Ltd., while the respondent is Amit Agarwal in his capacity as the Resolution Professional of Celebration City Projects Pvt. Ltd. The appeal pertains to insolvency proceedings involving Celebration City Projects Pvt. Ltd. The pleadings and written submissions have been fully exchanged between the parties, making the appeal ripe for hearing. The matter was represented by multiple advocates on both sides: Mr. Sumant Batra, Mr. Sarthak Bhandari, Ms. Riya Kaur Arora, Mr. Aditya Jain, Ms. Vidhi Jain, and Ms. Ishita Agarwal for the appellant; and Mr. Gaurav Mitra, Mr. Pankaj Agarwal, Mr. Shashwat Srivastava, and Mrigangi Parul for the respondent.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Arun Baroka (Member Technical) has listed the appeal for admission hearing on 14th September, 2026. The order was passed in hybrid mode, indicating proceedings that accommodate both physical and virtual participation.
Topics: Insolvency Appeal, NCLAT Proceedings, Real Estate Dispute