Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14th August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1190 of 2026, which involves an appeal filed by Sanjay Vijay Jeswani, the Erstwhile Resolution Professional of Xrbia North Hinjewadi Developers Pvt. Ltd. (Appellant), against Asset Reconstruction Company (India) Ltd. & Another (Respondents). The appeal appears to relate to insolvency proceedings concerning Xrbia North Hinjewadi Developers Pvt. Ltd. The matter was presented before a bench consisting of Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical).
Final Outcome
The NCLAT bench noted "No time left" and accordingly postponed the hearing. The appeal has been listed for the next hearing on 25th September 2026. No substantive proceedings, arguments, or decisions on the merits of the case occurred during this hearing.
Topics: Insolvency Appeal, Real Estate Developer, NCLAT Proceeding