NCLAT Reserves Order in Adel Landmarks Insolvency Appeal

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

Order Date: October 13, 2026

Case Overview

This is an order in Interlocutory Application No. 6907 of 2026, filed within Company Appeal (AT) (Insolvency) No. 460 of 2026. The appellant/applicant is Art Constructions Private Limited. The respondents include Udayraj Patwardhan (Resolution Professional of Adel Landmarks Ltd.) and others, with representation noted for the Enforcement Directorate (ED) as well. The matter was heard in hybrid mode by a bench consisting of Officiating Chairperson Justice Yogesh Khanna, Member (Technical) Barun Mitra, and Member (Technical) Ajai Das Mehrotra.

Final Outcome

The Tribunal has reserved its order on the interlocutory application. All parties have been directed to file short written submissions (not exceeding 2 pages) by October 16, 2026. The final decision on the application remains pending.

Topics: NCLAT Proceedings, Corporate Insolvency, Interlocutory Application