Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 16 September 2026
Case Overview
The Committee of Creditors of Saha Infratech Pvt. Ltd. has filed an appeal (Comp. App. (AT) (Ins) No. 1756 of 2026) against New Okhla Industrial Development Authority (NOIDA) and another respondent. The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) heard the matter in hybrid mode. The appellant was represented by Senior Advocate Mr. Abhijeet Sinha along with advocates Mr. Raghavendra Mohan Bajaj and Mr. Kumar Karan. Respondent No. 1 (NOIDA) was represented by advocates Mr. Ashish Makhija and Mr. Deep Bisht.
The tribunal found that the matter requires consideration and accordingly issued formal notice to all respondents. Notice on behalf of Respondent No. 1 has been accepted by their counsel, who requested and was granted two weeks' time to file a reply to both the appeal and the stay application. The appellant was granted one additional week to file a rejoinder after receiving the respondent's reply. The tribunal directed that steps for serving notice to other respondents be completed within three working days from the order date.
Final Outcome
The appeal has been admitted for hearing and listed for the next proceeding on 15 October 2026 under the caption "After Notice." The matter remains pending before the NCLAT with procedural timelines established for filing responses.
Topics: Insolvency Appeal, Real Estate Dispute