Authority: National Company Law Tribunal, New Delhi Court-V (Single Bench)
Order Date: 11 June 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-V, heard an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was filed by Ankit Suri and 133 other applicants against Raheja Developers Ltd. as the Corporate Debtor. During the hearing, the learned counsel for the applicants presented the matter and submitted that against the same Corporate Debtor (Raheja Developers Ltd.), a project-wise insolvency proceeding is already pending before the Hon'ble Principal Bench of NCLT in C.P. (IB) No. 182 of 2024.
The Single Bench, presided over by Hon'ble Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram, noted this submission. The bench determined that since a related matter was already before the Principal Bench, and given that the current bench was a Single Bench, it was appropriate to list the matter before a Regular Bench for further hearing.
Final Outcome
The Tribunal ordered the matter to be relisted for hearing before the Regular Bench on 6 July 2026. No findings on the merits of the insolvency application were made in this order, which was purely procedural to ensure the matter is heard by the appropriate bench.
Topics: Insolvency Proceeding, Real Estate Dispute