Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 06.11.2026

Case Overview

The Appellate Tribunal heard I.A. No. 8056 of 2026 filed by Riverkrishna Developers LLP (Appellant) against Radha Kishan & Others (Respondents). The application sought several reliefs including: (a) taking on record subsequent facts and documents; (b) reversal of revenue record entries made on 05.10.2026 by the Assistant Collector-II, Office of Sub-Tehsil Badshahpur, Gurugram, Haryana; (c) restraint on Respondents 1-8 from dispossessing the Appellant from the subject land measuring 94 Kanal 10 Marla situated at Village Dhumaspur, Tehsil and District Gurugram, Haryana; (d) restraint from pursuing any proceedings giving effect to the NCLT order dated 05.08.2026; and (e) other appropriate orders.

The Appellant contended that the Adjudicating Authority (NCLT) wrongly cancelled the Auction Sale dated 16.11.2023 and the general power of attorney executed by the Liquidator in their favor. The appeal challenges this impugned order and seeks stay of its operation, maintenance of status quo, and restraint on creating third-party rights in the property.

Respondents 1-8 had approached the Revenue Authority in Tehsil Badshahpur, Haryana, seeking correction in revenue records to delete the Appellant's name, based on the NCLT's 05.08.2026 order.

The Tribunal noted that this application was being heard for the first time and that an order regarding I.A. No. 6853 of 2026 (filed by M/s Arora Realtech Private Limited seeking impleadment as Respondent) was reserved on 08.10.2026 and would be announced after Diwali vacation.

Final Outcome

The Tribunal granted opportunity to Respondents and the Proposed Intervenor to file responses to the Appellant's application by the next date of listing. It specifically directed that "any subsequent action taken in pursuance of the Impugned Order, would be subject to the final disposal of this Appeal," providing interim protection to the Appellant. The matter is listed for next hearing on 19.11.2026.

Topics: NCLAT Proceedings, Land Title Dispute