Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 21 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench is hearing multiple interconnected appeals and contempt cases related to the corporate insolvency resolution process of Shree Ram Urban Infrastructure Ltd. The matters involve several parties including the Resolution Professional (Truvisory Insolvency Professional Pvt. Ltd.), financial creditor (Indiabulls Housing Finance Ltd.), and various stakeholders including Urbanbliss Realty Services Pvt. Ltd., Vikas Kasliwal, and Sammaan Capital Ltd.
The appeals stem from the ongoing insolvency proceedings of Shree Ram Urban Infrastructure Ltd., with the Resolution Professional and various stakeholders challenging different aspects of the process. Contempt proceedings have been initiated against Sri Gopal Choudhary (in Contempt Case Nos. 17/2022 and 21/2022) and against Indiabulls Housing Finance Ltd. & Anr. (in Contempt Case No. 15/2023), all connected to the main insolvency appeals.
The tribunal noted that due to time constraints on 21 September 2026, it could not hear arguments in these matters. The cases involve complex legal issues surrounding the insolvency resolution process, creditor rights, and compliance with tribunal directions.
Final Outcome
The NCLAT adjourned all connected appeals and contempt cases to 30 October 2026 for next hearing. No substantive arguments were heard or decisions made on the merits of any case due to time constraints. The matters remain pending before the tribunal.
Topics: Corporate Insolvency, Legal Proceedings, Creditor Rights