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2026 Supreme(Online)(NCLT) 468

NATIONAL COMPANY LAW TRIBUNAL
Labh Singh, Judicial Member, Rekha Kantilal Shah, Technical Member
Shristi Infrastructure Development Corporation Limited – Appellant
Versus
M/s Sarga Hotel Private Limited – Respondent


Advocates:
For SIDCL: Mr. Saurav Jain, Adv., Mr. Shaunak Mitra, Adv.
For SRA: Mr. Joy Saha, Sr. Adv., Mr. D.N. Sharma, Adv., Mr. Sidhartha Sharma, Adv., Mr. Rishav Dutt, Adv., Mr. Arjun Asthana, Adv., Mr. Aman Kataruka, Adv.

Table of Content
1. intervention application seeks to oppose electricity connection relief. (Para 1 , 2)
2. intervenor lacks locus post-resolution plan approval. (Para 3)
3. landlord rights preserved; ia 2481 is impermissible review attempt. (Para 4)
4. nclat upholds resolution plan with liberty for utility disputes. (Para 5)

Per: Rekha Kantilal Shah, Member (Technical)

1. IVN. (IB) No. 1/KB/2025

1.1 This application is filed by the applicant claiming following reliefs-:

a. Allow the Intervenor namely Shristi Infrastructure Development Corporation Limited (SIDCL) to intervene in the present Application being I.A. No. 2481 of 2024 filed by Sarga Hotel Private Limited & Another and make arguments;

and / or b. Reject I.A No. 2481 of 2024 filed by Sarga Hotel Private Limited & Another with exemplary cost, as an unlawful attempt circumvent judicial orders; and to c. Pass such other and further order(s) and/or direction(s) as this Court may deem fit and proper, in the facts and circumstances of the present case and in the interest of justice.

2. Facts of the case-:

2.1 The Intervenor herein namely Shristi Infrastructure Development Corporation Limited ("Intervenor") being the Landowner of 8 Acre of

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