Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals (Comp. App. (AT) (Ins) No. 1550 of 2026 and Comp. App. (AT) (Ins) No. 1551 of 2026) involving a consortium of SSR Townships Pvt Ltd and Sanjeev Mitla as appellants versus Manoj Kulshrestha & Anr. and Rajiv Bajaj & Anr. as respondents respectively. The proceedings relate to an insolvency matter involving homebuyers as financial creditors.
During the hearing, it was submitted that the erstwhile Authorised Representative of the Financial Creditors (Homebuyers), Gagan Gulati, had been replaced by Vivek Raheja. The previous reply filed by Gulati was stated to be incorrect and without authorization from the Committee of Creditors (CoC). The tribunal permitted the new Authorised Representative to file an additional reply, subject to objections from other parties.
The tribunal directed the appellant to file an amended memo of parties within three days to reflect this change in representation. Additionally, counsel for Mahalaxmi Buildtech Limited (in consortium with Sagarmanthan Enterprises Private Limited) sought impleadment through application I.A. No. 6975 of 2026, though the tribunal noted this application was not yet on record and directed both the counsel and office to ensure it is properly filed.
Final Outcome
The tribunal scheduled the next hearing for October 12, 2026, to address the impleadment application (I.A. No. 6975 of 2026) and any reply filed by the new Authorised Representative. Parties were permitted to file responses to the impleadment application before the next date. The existing interim order was continued until the next hearing date.
Topics: Insolvency Proceedings, Homebuyer Representation, Tribunal Procedure