Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 13, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard a cluster of interconnected appeals and contempt cases primarily concerning the corporate insolvency resolution process of Shree Ram Urban Infrastructures Ltd. The matters involve multiple parties, including the Resolution Professional (Truvisory Insolvency Professional Pvt. Ltd.), a financial creditor (India Bulls Housing Finance Ltd.), and other appellants and respondents such as Urbanbliss Realty Services Pvt. Ltd., Vikas Kasliwal, and Sammaan Capital Ltd. The proceedings include substantive appeals against orders passed in the insolvency process and related contempt cases.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), noted that there was no time left to hear the matters. Consequently, all appeals and connected applications were adjourned and listed for the next hearing on October 26, 2026, in the supplementary list. No substantive orders or rulings on the merits of the disputes were passed on this date.
Topics: Corporate Insolvency, NCLAT Proceedings, Real Estate