National Company Law Appellate Tribunal
RAM KISHOR ARORA VS Union Bank of India & anr. on 6 November 2026
NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH, NEW DELHI
I.A. No. 5878 of 2025, 1774, 1776, 2463, 2633, 2798, 2962, 3288, 3301, 4824, 5448, 5506, 5541, 5925, 5955, 6000, 6009, 6520, 6521,
IN
Comp. App. (AT) (Ins.) No. 406 of 2022
In the matter of:
Ram Kishor Arora Suspended Director of Supertech Ltd.
....Appellant
Vs.
Union Bank of India & Anr.
…Respondents
Present:-
For Appellant: Mr. Abhijeet Sinha, Sr. Advocate, Mr. Mudit Sharma, Ms Nandini Sharma, Mr. Lokesh Malik, Mr Ritesh Dhyani, Mr. SS Pandey, Advocates for IA
Nos.1774, 2633, 1749, 6009, 6521 of 2026.
Mr. Abhay Dixit, Advocate in IA No.5448 of 2026.
Mr. Risha Dixit, Ms. Shweta Gaur, Ms. Kanika, Advocates in IA No.5541/2026.
Ms. Ishna Kumar, Ms. Muskan Abbasi, Mr. Sabri C.K, Ms. Shruti Sakshi, Mr.
Zaid Hasmat, Mr. Navneh Ratan, Advocates for Amicus For Respondent: Mr Mohit Kishore, Mr Amtitam Anand, Mr Avichal Kumar, Mr.
Aadrash Kumar Rai, Advocates for Apex Court Committee.
Mr. Gudipati Gayatri Kashyap, Mr. Ronvijay Gohain, Ms. Anam Ahmad, Advocates for NBCC Ltd.
Ms. Aakanksha Nehra, Ms. Shubham Jaiswal, Advocates Mr Abhay Chitravanshi, Ms Bhawna, Nanda, Mr. Amit Kr. Singh, Advocates in IA 2463 of 2026.
Mr. Palash Singhai, Mr. Harshal Sareen, Advocates for Applicant in IA 5925 of
Mr. Vaibhav Jindal, Ms. Anousha, Advocates.
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ORDER
(Hybrid Mode) 06.11.2026: Vide our order dated 01.10.2026, we had requested the Ld. Apex Court Committee to file a report of tentative completion date in each of the 16 projects, as each project is at a different stage of construction and such report/affidavit may also disclose the finances available as on that day. Status Report has been filed on behalf of the ‘M/s. Supertech Ltd.’ through the Apex Court Committee in compliance of the order dated 01.10.2026 wherein at Page No.25 viz. Annexure-C, though it is stated the commencement of construction will start by 16.01.2027 in all 16 projects but the tentative completion date is different in different projects since the stages of construction are different.
2. Qua finances as are available with the Corporate Debtor, the Status Report mentions an amount of Rs.52,57,77,415.34 is still lying out of which an amount of Rs.5,19,91,468.44 is in lien.
3. It is submitted by the Ld. Counsel appearing on behalf of the Apex Court Committee vide order dated 01.10.2026, a request was made to the Ld. NCLT to take up the matter qua appointment of the Resolution Professional but the date fixed is 11.12.2026. It is submitted they are inclined to move an application of pre-hearing of the said application and in case, such an application is moved, we request the Ld. NCLT to take up the application and to dispose it of as expeditiously as possible. Status Report has already been served upon all the concerned. Hard copies be taken on record.
4. Now the 2nd issue raised before us is with regard to non-16 NBCC Projects which is a matter of concern as is noted in the order dated 20.04.2026
of the Hon’ble Supreme Court as well as order dated 06.05.2026 of this Tribunal.
5. List the matter on 04.12.2026. [Justice Yogesh Khanna] Officiating Chairperson
[Barun Mitra] Member (Technical)
(Ajai Das Mehrotra) Member (Technical) Anjali/md