NOIDA Insolvency Appeal Adjourned to July 6

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

Order Date: 03.07.2026

Case Overview

This order pertains to Comp. App. (AT) (Ins) No. 1107 of 2023 and several interconnected applications (I.A. No. 3820, 3833 of 2023 & 4002 of 2025). The appellant is the New Okhla Industrial Development Authority (NOIDA), and the respondents are Anand Sonbhadra & Others. The proceedings involve an insolvency appeal. The tribunal was informed that the parties had not arrived at any amicable settlement, and therefore, the appeal should be decided on its merits. The learned counsel for the appellant concluded their submissions, but the counsel appearing for the Resolution Professional (RP) could not conclude arguments due to paucity of time.

Final Outcome

The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), adjourned the matter to 06.07.2026 at 2:00 PM for further hearing. The tribunal issued a specific clarification that the appeal shall not be adjourned at the behest of either party. Furthermore, the Interim Resolution Professional/Resolution Professional (IRP/RP) of the Corporate Debtor was directed to inform the Authorised Representative of the home buyers and financial creditors (in a class) to remain present before the tribunal on the next date of listing.

Topics: Insolvency Appeal, NCLAT Proceeding, Real Estate