Oberoi Consortium Withdraws NCLAT Appeal as Infructuous

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

Order Date: 07.08.2026

Case Overview

The appeal was filed by a consortium comprising Oberoi Realty Ltd., Shree Naman Developers Pvt. Ltd., and JM Financial Properties and Holdings Ltd. against the Monitoring Committee of Hotel Horizon Pvt. Ltd. and other respondents. The specific nature of the underlying dispute is not detailed in this order. The appeal was registered as Comp. App. (AT) (Ins) No. 1317 of 2026, with a related Interlocutory Application (I.A. No. 5056 of 2026) seeking condonation of delay in refiling.

Final Outcome

During the proceedings, the appellant's Senior Counsel, Mr. Arun Kathpalia, informed the tribunal that the appeal had become infructuous and requested permission to withdraw it. The counsel for all respondents (Respondent Nos. 1, 2, and 3) raised no objections to this request. Consequently, the NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical), dismissed both the main appeal and the accompanying application for condonation of delay as withdrawn, citing that they had become infructuous.

Topics: Insolvency Appeal, Real Estate, Withdrawal