Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 29 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra, issued a procedural order in Restoration Application (AT) No. 30 of 2026. This application is filed within Company Appeal (AT) (Insolvency) No. 156 of 2025. The appellant is Shailendra Kataria, who is acting as the representative of a class of creditors identified as homebuyers. The respondent is Manish Lalji Dawda, who is the Resolution Professional (RP) of Wadhwa Buildcon LLP. The hearing was conducted in hybrid mode. Senior Advocate Mr. Shikhil Suri, along with advocates Ms. Meghna Rao, Mr. Yahya Batatawala, and Ms. Uma Chaterjee, represented the appellant. Advocate Ms. Aditi Sharma represented the respondent.
Final Outcome
The bench ordered that the restoration application be listed for hearing along with the main appeal on the next date of hearing, which is 02 July 2026. No substantive decision on the merits of the case was made in this order.
Topics: Insolvency Proceeding, Real Estate, Homebuyers