Case Details

Case Name: Paramjit Singh Saini & anr. Vs. Puma Realtors Pvt Ltd.

Court/Authority: National Company Law Tribunal, New Delhi Principal Bench

Case Number: IB-934(PB)/2018

Order Date: 20 May 2026

Next Hearing Date: 13 July 2026

Legal Basis: Section 7 of Insolvency & Bankruptcy Code, 2016

Parties Involved

Petitioner: Paramjit Singh Saini & another

Respondent: Puma Realtors Pvt Ltd.

Legal Representatives:

  • For Applicant: Mr. P. Nagesh (Sr. Adv.), Mr. Akshay Sharma, Mr. Atul Kumar (Advs. in IA-5765/2021)
  • For SRA: Mr. Rishabh Nangia (Adv.)
  • For RP/Monitoring Committee: Mr. Noor Shergill, Mr. Rishabh Govila (Advs.)

Tribunal Bench:

  • Justice Anupinder Singh Grewal (Hon'ble President)
  • Shri Ravindra Chaturvedi (Hon'ble Member - Technical)

Proceedings

Hearing conducted in hybrid mode (physical & video conference).

The tribunal has adjourned the matter and listed it for next hearing on 13 July 2026.

Pending applications: IA-5765/2021 and IA-3481/2022

Final Ruling & Enforcement

The order constitutes an adjournment of proceedings. No final ruling on the merits of the case has been delivered in this order. The matter remains pending before the NCLT with the next hearing scheduled for 13 July 2026.