Authority: Supreme Court of India, Civil Appellate Jurisdiction

Order Date: 18 August 2026

Case Overview

  • Civil Appeal No. 3173/2025 was filed by Unnati Fortune Industries Pvt. Ltd. (appellant) against the Greater Noida Industrial Development Authority (GNOIDA) and another respondent.
  • The dispute stems from an order dated 19 January 2024 issued by GNOIDA, which was itself issued pursuant to an earlier order dated 27 March 2023 passed by the National Company Law Tribunal (NCLT) in I.A. No. 1598/2023, I.B. No. 452(PB)/2018.
  • The appellant argued that GNOIDA had failed to consider its representation within the 60‑day period mandated by the NCLT order; consequently, the GNOIDA order was delayed.
  • While the appellant’s Inter‑locutory Application (I.A.) No. 4814/2023 was pending before the NCLT, the NCLT dismissed the I.A. on the ground that the 19 January 2024 GNOIDA order had not been challenged before it.
  • The National Company Law Appellate Tribunal (NCLAT) affirmed the NCLT’s view in its order dated 13 December 2024 (Company Appeal (AT)(INS) No. 2216/2024), but granted the appellant liberty in paragraph 7 of that order to take any legal steps against the GNOIDA order dated 19 January 2024.
  • The Supreme Court noted the liberty granted by the NCLAT and reiterated that it remains available to the appellant.
  • The Court further observed that the pendency of the present proceedings does not preclude the appellant from remitting rentals due and payable to GNOIDA for the period after the completion of the corporate insolvency resolution process.
  • The record of proceedings shows the matter was heard on 18‑August‑2026 before Hon’ble Justices Sanjay Kumar and Sanjeev Sachdeva, with senior counsel Mr. Nikhil Goel and Ms. Anuja Pethia representing the appellant, and senior counsel Mr. Ravindra Kumar and Mr. Binay Kumar Das representing the respondents.

Final Outcome

  • The appeal is disposed of in terms of the signed order dated 18 August 2026.
  • All pending applications, if any, shall stand disposed of.
  • The appellant retains the liberty to pursue legal remedies against the GNOIDA order dated 19 January 2024 and may remit rentals due after the corporate insolvency resolution process is completed.

Topics: Legal Dispute, Corporate Insolvency