Authority: National Company Law Tribunal (NCLT), Bench comprising Hon'ble Member (J) Ashok Kumar Bhardwaj and Hon'ble Member (T) Atul Chaturvedi
Order Date: 10 July 2026
Case Overview
The matter involves multiple interconnected applications in the corporate insolvency resolution process of M/s. Saha Infratech Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The primary application IB-1781/ND/2018 was filed by Indu Kumar & Ors. against the corporate debtor, Saha Infratech Pvt. Ltd. The proceedings involve numerous intervenor applications from various stakeholders including Aashray Society, suspended directors, and the erstwhile resolution professional Shiv Nandan Sharma.
The hearing was conducted through hybrid mode (VC and Physical) with extensive legal representation. For the applicants, multiple advocates appeared including Adv. Abhishek Anand, Adv. Karan Kohli, Adv. Vanshika Dhoot, Adv. Mrnal harsh Vardhan, Adv. Rituparna Patra, Adv. Animesh Khandelwal, Adv. Rashi Gupta, Adv. Kaushik Kr. Dey, Adv. Shimpy Arman Sharma, Adv. Priya Pachouri, Adv Harshit Dheer, Adv Rajeev Narayan, Mr. Pawanshree Agrawal, and Ms. Kriti Jain. For the respondents, Adv. Amulya Dhingra and Adv. Anushika Shukla appeared. The SRA was represented by Adv. Amrita Sarkar, Adv. Ashish Kumar Singh, and Adv. Gitesh Sinha, while Aashray Society was represented by Adv. Raghavendra Mohan Bajaj and Adv. Kumar Karan.
Final Outcome
The Tribunal reserved its order specifically on application IA-1484/ND/2023. The counsel for the parties (applicant, resolution professional, and SRA) were granted permission to file written arguments not exceeding five pages within one week from the order date, along with any relied upon judgments. All other interconnected applications (IA-1100/ND/2022, IA-2286/ND/2021, IA-4770/ND/2025, IA-6193/ND/2025, IA-6204/ND/2025, IA-201/ND/2026, IA-105/ND/2026, IA-1262/ND/2026, IA-1580/ND/2026, IA-1519/ND/2023, IA-2275/ND/2021, IA-1955/ND/2022, IA-5733/ND/2022, IA-1443/ND/2023, IA-2446/ND/2023, IA-561/ND/2024, IA-702/ND/2024, IA-1625/ND/2024, IA-4606/ND/2024, IA-4981/ND/2024, IA-6039/ND/2024, IA-5189/ND/2025, IA-2952/ND/2026) were adjourned and listed for next hearing on 12 August 2026.
Topics: Corporate Insolvency, NCLT Proceedings, Real Estate Sector