Case Details

Case Name: Suraj Kumar Kaushal & Others Vs. Sarvottam Realcon Pvt Ltd

Court/Authority: National Company Law Tribunal (NCLT), New Delhi Court-IV

Case Numbers: IB/901/ND/2020 with interconnected applications including IA/2250/ND/2026, Restoration Application /105/ND/2025, Restoration Application /106/ND/2025, Restoration Application /108/ND/2025, IA/1137/ND/2022, IA/1220/ND/2022, Restoration Application /57/ND/2025, IA/1165/ND/2026, IA/1874/ND/2026, IA/1472/ND/2022

Legal Basis: Filed under Section 7 of the Insolvency and Bankruptcy Code, 2016

Order Date: 20.05.2026

Parties Involved

Petitioners/Applicants: Suraj Kumar Kaushal & Others

Corporate Debtor/Respondent: Sarvottam Realcon Pvt Ltd

Other Involved Parties: Kotak Mahindra Bank, Monitoring Committee

Legal Representatives:

  • For Applicants: Mr. Gaurav H. Sethi, Mr. Rohan Pawar, Ms. Kartika Nagpal (Advocates)
  • For SRA: Mr. Kunal Godhwani, Ms. Kinjal Chadha (Advocates)
  • For Kotak Mahindra Bank: Mr. Rachit Mittal, Mr. Parish Mishra, Mr. Kanishk Raj, Ms. Shrishti Agrawal, Mr. Abhishek Sinha, Mr. Shivansh Bansal (Advocates)
  • For Monitoring Committee: Dr. Adv. Shravan Kr. Vishnoi (counsel for Chairman), Mr. Sandeep Goel (Chairman), Mr. Yash Tyagi, Adv. Utkarsh Aswal, CMA Sandeep Goel

Issues / Allegations / Violations

  • The case involves an insolvency petition filed by financial creditors (Suraj Kumar Kaushal & Others) against Sarvottam Realcon Pvt Ltd under Section 7 of the IBC, 2016
  • Multiple restoration applications and interim applications are pending consideration in this matter

Findings & Observations

  • No substantive findings or observations were made in this order as the matter was adjourned due to paucity of time

Penalties / Settlements / Directions

  • No penalties, settlements, or substantive directions were issued in this order
  • The only direction was to adjourn the hearings to a future date

Corrective Actions & Future Obligations

  • No corrective actions or future obligations were specified in this procedural order

Final Ruling & Enforcement

  • The Tribunal adjourned both hearings (Item No. 303 and Item No. 414) to 15.06.2026
  • The adjournment was specifically due to "paucity of time"
  • The matter remains pending before the NCLT New Delhi Court-IV

Tribunal Composition

  • Hon'ble Shri Mahendra Khandelwal, Member (Judicial)
  • Hon'ble Shri Atul Chaturvedi, Member (Technical)

Hearing Format

  • Hybrid Hearing (Physical & Video Conference)