Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 23.09.2026
Case Overview
This order pertains to three Interlocutory Applications (I.A. No. 6766, 6852, and 6853 of 2026) filed in the main Company Appeal (AT) (Ins) No. 1718 of 2026. The appellant is Rivierkrishna Developers LLP. The respondents include Radha Kishan & Ors. (Respondents 1 to 8) and the liquidator (Respondents 9 to 11). The matter was heard in hybrid mode. For I.A. No. 6766 of 2026, which sought an ad-interim stay, the Tribunal heard arguments from Mr. Sumesh Dhawan (counsel for the appellant), Mr. Sanjeev Sahay (counsel for Respondents 1 to 8), and counsel for the liquidator (Respondents 9 & 10).
Final Outcome
The Tribunal reserved its order on the interim stay application (I.A. No. 6766 of 2026). The matter is listed for the pronouncement of this order on 25.09.2026. For the other two applications (I.A. No. 6852 and 6853 of 2026), the Tribunal issued notices. The respondents were granted one week to file their replies, with an advance copy to the applicant's counsel. The applicant, in turn, may file a response within three days thereafter. Both applications are listed for disposal on 08.10.2026. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Arun Baroka (Member - Technical).
Topics: Insolvency Appeal, NCLAT Proceedings, Interim Stay