Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 17, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi is hearing an insolvency appeal filed by Riddhi Siddhi Developers Pvt. Ltd. against Raghuleela Builders Pvt. Ltd. The appeal is registered as Comp. App. (AT) (Ins) No. 1970 of 2025, with several interconnected applications (I.A. No. 7687, 7688, 7689, 7690 of 2025 & 413 of 2026). The respondent, Raghuleela Builders Pvt. Ltd., is represented through its Resolution Professional, Vandana Garg/Shailesh Balachandra Desai. The tribunal noted that pleadings are complete in the matter.
Final Outcome
The NCLAT bench comprising Justice N Seshasayee (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) has scheduled the next hearing for August 11, 2026. The tribunal directed both parties to file their notes of submissions along with a list of authorities before the next date of hearing. The Registry was instructed to receive hard copies of these submissions without requiring any specific order from the bench. The existing interim order will continue to remain in effect until the next hearing date.
Topics: Insolvency Appeal, Real Estate Dispute, NCLAT Proceedings