Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 07 October 2026
Case Overview
The appeal was filed by Radhey Krishna Technobuild Pvt. Ltd. against Ashish Singh (Resolution Professional) and others. The appellant challenged the approval of a resolution plan by the CoC (Committee of Creditors) and the Adjudicating Authority (NCLT). The core allegation centers on procedural irregularities during the corporate insolvency resolution process. The appellant contends that their resolution plan was not properly considered by the CoC and that an addendum was selectively received from another resolution applicant (SRA) without providing a similar opportunity to the appellant (PRA). Furthermore, when the appellant subsequently submitted an addendum, it was allegedly not placed before the CoC for consideration.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), found the appeal merited consideration and admitted it. However, the court did not find a sufficient case for granting any interim injunction or direction at this stage. Formal notice was issued to all respondents in the main appeal and the accompanying stay application (I.A. No.7163 of 2026). Respondents No. 1 and 2 (through their counsel) were granted two weeks to file their replies. The appellant was given one subsequent week to file a rejoinder. The appeal is now listed for its next hearing on 20 November 2026 under the caption 'for admission (after notice)'.
Topics: Corporate Insolvency, NCLAT Appeal, Resolution Plan