Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 14, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued a procedural order in Company Appeal (AT) (Insolvency) No. 323 of 2025. The appeal involves an insolvency matter between Shubham Projects Pvt. Ltd. (Appellant) and Mahavir Hanuman Developers Pvt. Ltd. (Respondent). Two interlocutory applications numbered I.A. No. 1217 and 7625 of 2025 are also associated with this appeal. The matter was heard in hybrid mode with legal representation from both parties: Mr. Vishal Ganda, Ms. Chhavi Jain, and Mr. Aseem Shrivastava represented the Appellant, while Mr. Gursat Singh and Mr. Riijul Kapoor represented the Respondent. The bench consisted of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
The Tribunal ordered that the appeal be listed for hearing on November 18, 2026. This is a procedural adjournment without any substantive ruling on the merits of the case.
Topics: NCLAT Proceedings, Insolvency Appeal, Real Estate Dispute