Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: July 10, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has issued a procedural order in two connected appeals filed by homebuyers (financial creditors in a class) of Usashi Real States Pvt. Ltd. The first appeal, Company Appeal (AT) (Insolvency) No. 1854 of 2025, was filed by Ranjeet Jha, representing a class of homebuyer creditors. The second appeal, Company Appeal (AT) (Insolvency) No. 175 of 2026, was filed by an individual homebuyer, Mousumi Guha Thakurta. Both appeals are directed against the Resolution Professional (RP) of the corporate debtor, Arun Gupta (also referred to as Arun Kumar Gupta in one appeal) of Usashi Realstates Pvt. Ltd. (also referred to as Usashi Real States Pvt. Ltd.), and other respondents. The nature of the specific grievances or challenges against the Resolution Professional's actions is not detailed in this particular order. The order was passed in a hybrid mode hearing.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Barun Mitra, did not conduct a substantive hearing. The order is purely procedural, directing that both appeals be listed next for hearing on August 31, 2026. No observations on the merits of the case, interim directions, or decisions on any applications were issued.
Topics: Insolvency, Real Estate, NCLAT