Authority: National Company Law Tribunal, New Delhi Bench
Order Date: 08 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench, comprising Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi, heard multiple interconnected applications in the corporate insolvency resolution process of M/s Saha Infratech Pvt Ltd. The main matter involves a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IB-1781/ND/2018), with numerous intervenor applications including IA-1100/ND/2022, IA-6193/ND/2025, IA-105/ND/2026, IA-1484/ND/2023, IA-1955/ND/2022, IA-2446/ND/2023, IA-1625/ND/2024, IA-2286/ND/2021, IA-6204/ND/2025, IA-1262/ND/2026, IA-1519/ND/2023, IA-5733/ND/2022, IA-561/ND/2024, IA-4606/ND/2024, IA-6039/ND/2024, IA-4770/ND/2025, IA-201/ND/2026, IA-1580/ND/2026, IA-2275/ND/2021, IA-1443/ND/2023, IA-702/ND/2024, IA-4981/ND/2024, and IA-5189/ND/2025.
Multiple legal representatives appeared for various parties: Advocates Rajeev Narayan, Yogendra Dey, Shalini Nair, Mrinal Harsh Vardhan, Pawanshree Agrawal, Kriti Jain, Vanshika Dhoot, Animesh Khandelwal, Rashi Gupta, Kaushik Kumar, Rituparna Patra, Abhishek Anand, and Karan Kohli represented the applicants/petitioners. Advocates Rachit Mittal, Kanishk Raj, and Srishti Agrawaal represented NOIDA. Advocates Ashish Makhija, Deep Bisht, and Astitwa Kumar represented the resolution professional. Advocate Rajat Bhardwaj represented the suspended board of directors. Advocates Amrita Sarkar and Ashish Kumar Singh represented the society/SRA. Advocates Gitesh Sinha, Kartik Gupta, Himanshu Chaubey, and Rishi Choubey appeared for other parties.
The hearing was conducted through hybrid mode (virtual and physical).
Final Outcome
The Bench adjourned the matter due to time constraints, noting "It is already 1:00 pm. No time left." All applications were listed for next hearing on 10 July 2026. No substantive hearing or decisions were made on the merits of any application.
Topics: Corporate Insolvency, Legal Proceedings, Real Estate Sector