Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Principal Bench heard multiple interconnected applications in the ongoing Corporate Insolvency Resolution Process (CIRP) of M/s. Vardhaman Estates & Developers Pvt Ltd. The matter originated from a petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016 by Sanjib Kumar & Others (homebuyers) against the real estate developer. The hearing was conducted in hybrid mode (physical and video conference).
Multiple applications were listed for hearing, including IA-29/2025 (Plan), Cont.P-12/2025, IA-4846/2024, IA-724/2026, IA-2207/2026, IA-2400/2025, IA-2639/2025, and IA-2643/2025. Various legal representatives were present including counsel for the applicants, Resolution Professional, Committee of Creditors (CoC), and the Successful Resolution Applicant (SRA).
Final Outcome
The bench comprising Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member Technical) adjourned all pending applications and listed the matter for next hearing on 01 July 2026. No substantive decisions or rulings were made in this order, which served primarily as a procedural adjournment.
Topics: Insolvency Proceedings, Real Estate Dispute, NCLT Adjournment