Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 23 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard multiple interlocutory applications in connection with Company Appeal (AT) (Ins) No. 1718 of 2026. The main appeal involves Rivierkrishna Developers LLP as the appellant against respondents Radha Kishan & Ors., including a liquidator (Respondent No. 9-10) and Iceberg (mentioned in representation). The proceedings concern an insolvency matter, though the specific nature of the underlying dispute is not detailed in this procedural order.
Regarding IA No. 6766 of 2026, the tribunal heard arguments from Mr. Sumesh Dhawan (counsel for the appellant), Mr. Sanjeev Sahay (counsel for Respondent No. 1 to 8), and counsel for the liquidator (Respondent No. 9-10) concerning the issuance of an ad interim stay. After hearing all parties, the bench reserved its order on this application.
For IA No. 6852 of 2026 and IA No. 6853 of 2026, the tribunal noted that notices had been received by respective counsel. Mr. Sumesh Dhawan received notice for Respondent No. 1, Mr. Sanjeev Sahay for Respondents No. 2 to 9, and Ms. Ritu Agarwal for the liquidator (Respondents No. 10 and 11). The respondents were granted one week to file their replies, with advance copies to the applicant's counsel, who may file responses within three days thereafter.
Final Outcome
The tribunal reserved its order on the interim stay application (IA No. 6766 of 2026) and scheduled pronouncement for September 25, 2026. The other two applications (IA No. 6852 and 6853 of 2026) were adjourned to October 8, 2026 for disposal after completion of reply filings. The matter remains pending before the NCLAT with no substantive decision on the merits of the case at this stage.
Topics: NCLAT Proceedings, Insolvency Appeal, Interim Stay